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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Stock Market Investing For Beginners
Authors: George Graham
1st Edition
1914346432, 978-1914346439
