Question
A bond has a $1,000 face value, a market price of $1,045, and pays interest payments of $80 every year. What is the coupon rate?
A bond has a $1,000 face value, a market price of $1,045, and pays interest payments of $80 every year. What is the coupon rate?
Can you show the work and explain how you got the answer.
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
