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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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
