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
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.
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
