Question
A bond has a par value of $1,000, a current yield of 8.33 percent, and semiannual coupon payments. The bond is quoted at 104.68. What
A bond has a par value of $1,000, a current yield of 8.33 percent, and semiannual coupon payments. The bond is quoted at 104.68. What is the coupon rate of the bond?
Multiple Choice
8.72%
17.44%
8.33%
16.66%
9.81%
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Public Finance
Authors: Richard W. Tresch
2nd Edition
0126990514, 978-0126990515
