Question
A bond with a face value of $1,000 is currently trading for $1,135.91 and pays a semi-annual coupon. This bond matures in 10 years and
A bond with a face value of $1,000 is currently trading for $1,135.91 and pays a semi-annual coupon. This bond matures in 10 years and is yielding 8% (APR). What is this bond's annual coupon rate? If necessary your answer should be rounded to the nearest percent. (Rounding Examples: 4.5% would be rounded to 5%, 4.2% would be rounded to 4%)
| A. | 1% | |
| B. | 2% | |
| C. | 3% | |
| D. | 4% | |
| E. | 5% | |
| F. | None of the other answers are correct. |
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The Wealthtech Book The FinTech Handbook For Investors Entrepreneurs And Finance Visionaries
Authors: Susanne Chishti, Thomas Puschmann
1st Edition
1119362156, 978-1119362159
