Question
A $1,000 par value bond has a current price of $830.28 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 $830.28 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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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
6th Edition
1259922316, 9781259922312
