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A 4-year, semiannual coupon bond is selling for $939.21. The bond has a par value of $1,000 and a yield to maturity of 8.5 percent.
A 4-year, semiannual coupon bond is selling for $939.21. The bond has a par value of $1,000 and a yield to maturity of 8.5 percent. What is the annual coupon rate?
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New Venture Creation A Framework For Entrepreneurial Start-ups
Authors: Paul Burns
2nd Edition
1352000504, 978-1352000504
