Question
A $1000 par value bond has a current price of $800 and a maturity value of $1000 and matures in five years. If interest is
A $1000 par value bond has a current price of $800 and a maturity value of $1000 and matures in five 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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The Power Of Accounting What The Numbers Mean And How To Use Them
Authors: Lawrence Lewis
1st Edition
0415884306, 978-0415884303
