Question
A bond has a $1,000 face value, a market price of $1,115, and pays interest payments of $100 every year. The bond matures in 10
A bond has a $1,000 face value, a market price of $1,115, and pays interest payments of $100 every year. The bond matures in 10 years. What is the coupon rate?
A. 4.13 percent
B. 8.27 percent
C. 8.50 percent
D. 10.00 percent
E. none of the above
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Finance Budget And Management For Reference Services Routledge Library Editions Library And Information Science
Authors: Ruth A. Fraley, Bill Katz
1st Edition
0367374293, 978-0367374297
