Question
A $1,000 par value bond has a current price of $910.82 and a maturity value of $1,000 and matures in 44 years. If interest is
A $1,000 par value bond has a current price of $910.82 and a maturity value of $1,000 and matures in 44 years. If interest is paid semiannually and the bond is priced to yield 8%, what is the bond's annual coupon rate?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
