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A bond matures in 10 years, and its yield to maturity is 4%. Interest is paid semiannually, and the bond is sold at a price
A bond matures in 10 years, and its yield to maturity is 4%. Interest is paid semiannually, and the bond is sold at a price of $975. What is the bond's annual coupon rate?
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Journey To Financial Autonomy
Authors: Terry R. Hamman
1st Edition
979-8866617579
