Question
A bond has a $1,000 face value, a market price of $1,035, and pays interest payments of $70 every year. What is the coupon rate?
A bond has a $1,000 face value, a market price of $1,035, and pays interest payments of $70 every year. What is the coupon rate?
% [answer here] (Please answer precisely, then take the final answer and round it to the hundred decimal)
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Create Wealth Over The Long Run Give Yourself The Life You Deserve
Authors: Micheal J. Bess
1st Edition
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