Question
A 5 year semiannual coupon bond with a face value of $1000 trades at $882. The market-determined discount rate is 4%. What is the coupon
A 5 year semiannual coupon bond with a face value of $1000 trades at $882. The market-determined discount rate is 4%. What is the coupon rate? Answer in percent and round to two decimal places.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
15th edition
134796551, 134796550, 978-0134796550
