Question
A 12-year bond, $1,000 face value bond pays an 8% annual coupon and a yield to maturity of 7%. The bond is selling at $1079.43.
A 12-year bond, $1,000 face value bond pays an 8% annual coupon and a yield to maturity of 7%. The bond is selling at $1079.43. How much is the annual coupon?
| A. | 70 | |
| B. | 80 | |
| C. | 86.35 | |
| D. | 75.56 | |
| E. | 100 |
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
