Question
A 11-year bond pays interest of $ 26.90 semiannually, has a face value of $ 1, 000 , and is selling for $ 776.61. What
A 11-year bond pays interest of $ 26.90 semiannually, has a face value of $ 1, 000 , and is selling for $ 776.61.
What are its annual coupon rate and yield to maturity?
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
