Question
A 11-year bond pays interest of $26.40 semiannually, has a face value of $1,000, and is selling for $706.68. What are its annual coupon rate
A 11-year bond pays interest of $26.40 semiannually, has a face value of $1,000, and is selling for $706.68.
What are its annual coupon rate and yield to maturity?
The annual coupon rate is
___%.
(Round to two decimal places).
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Management And Cost Accounting
Authors: Colin Drury
9th Edition
1408093936, 978-1408093931
