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A $5,113 par value bond is purchased for $5,119. If this purchase represents a current yield of 4.7%, compute the bond's coupon rate. Round your
A $5,113 par value bond is purchased for $5,119. If this purchase represents a current yield of 4.7%, compute the bond's coupon rate. Round your answer to the nearest tenth of a percent.
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
