Question
A bond is quoted, this period, at a price of $1,125 and a yield to maturity of 7%. Next period, the bond price is expected
A bond is quoted, this period, at a price of $1,125 and a yield to maturity of 7%. Next period, the bond price is expected to be quoted at $1,113.75 with the same yield to maturity. The bond has a face value of $1,000.
What does this bond pay as coupon rate in %?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
2nd Edition
0324117752, 9780324117752
