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A 9-year, semiannual coupon bond sells for $930. The bond has apar value of $1,000 and a yield to maturity of 8.0 percent. What is
A 9-year, semiannual coupon bond sells for $930. The bond has apar value of $1,000 and a yield to maturity of 8.0 percent. What is the bond's coupon rate in percentage terms?
| a) | 6.89 | |
| b) | 8.62 | |
| c) | 8.76 | |
| d) | 8.59 | |
| e) | 8.51 |
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
5th Edition
0134734203, 978-0134734200
