A 5 year semiannual coupon bond with a face value of $1000 trades at $864. The market-determined
Fantastic news! We've Found the answer you've been seeking!
Question:
A 5 year semiannual coupon bond with a face value of $1000 trades at $864. The market-determined discount rate is 6%. What is the coupon rate? Answer in percent and round to two decimal places.
Posted Date: