Question
A $1,000 par value bond has a current price of $800.00 and a maturity value of $1,000 and matures in 5 years. If interest is
A $1,000 par value bond has a current price of $800.00 and a maturity value of $1,000 and matures in 5 years. If interest is paid semiannually and the bond is priced to yield 8%, what is the bond's annual coupon rate?
The bond's annual coupon rate is %. (Round to three decimal places.)
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John E Freunds Mathematical Statistics With Applications
Authors: Irwin Miller, Marylees Miller
8th Edition
978-0321807090, 032180709X, 978-0134995373
