Question
A $1,000 par value bond has a current price of $881.31 and matures in 5 years. If interest is paid semiannually, and the bond is
A $1,000 par value bond has a current price of $881.31 and matures in 5 years. If interest is paid semiannually, and the bond is priced to yield 9%, what is the bonds annual coupon rate? A. 4.50% B. 6.81% C. 5.95% D. 6.00%
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
5thEdition
0073382345, 9780073382340
