Question
A 20-year bond with a principal amount of $1,000 was just issued and will pay the interest payment annually. The bond is currently selling for
A 20-year bond with a principal amount of $1,000 was just issued and will pay the interest payment annually. The bond is currently selling for $936. What is its coupon rate if the market yield of a similar risk bond is 5.73%?
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance, Roberts Brooks
8th Edition
0324601212, 9780324601213
