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A 23-year, semiannual coupon bond sells for $968.49. The bond has a par value of $1,000 and a yield to maturity of 6.93 percent. What
A 23-year, semiannual coupon bond sells for $968.49. The bond has a par value of $1,000 and a yield to maturity of 6.93 percent. What is the bond's coupon rate?
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3.33%
5.99%
4.99%
6.32%
6.65%
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
