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A bond pays $60 interest payments twice a year. What is the coupon rate for the bond if the par value of the bond is
A bond pays $60 interest payments twice a year. What is the coupon rate for the bond if the par value of the bond is $1,000?
| a. | 9.00% | |
| b. | 6.00% | |
| c. | 15.00% | |
| d. | 12.00% |
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
