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A bond maturing in fifteen years has a a current price of $825.65, yield to maturity of 9.25%, a face value of $1,000. What is

A bond maturing in fifteen years has a a current price of $825.65, yield to maturity of 9.25%, a face value of $1,000. What is the coupon rate of an annual bond?

Select one:

A.

7.06%

B.

7.35%

C.

7.57%

D.

7.92%

Clear my choice

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Question

A bond maturing in fifteen years has a a current price of $825.65, yield to maturity of 9.25%, a face value of $1,000. What is

A bond maturing in fifteen years has a a current price of $825.65, yield to maturity of 9.25%, a face value of $1,000. What is the coupon rate of an annual bond? Select one: A. 7.06% B. 7.35% C. 7.57% D. 7.92% Clear my choice

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Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

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A bond maturing in fifteen years has a a current price of $825.65, yield to maturity of 9.25%, a face value of $1,000. What is the coupon rate of an annual bond?

Select one:

A.

7.06%

B.

7.35%

C.

7.57%

D.

7.92%

Clear my choice