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A bond with a face value of $1,081 has a semi-annual payment of $53 and matures in 4 years, 9 months, and 12 days. It
A bond with a face value of $1,081 has a semi-annual payment of $53 and matures in 4 years, 9 months, and 12 days. It is currently selling for
$1,019.48. What is the coupon rate of this bond?
$1,019.48. What is the coupon rate of this bond?
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To calculate the coupon rate of a bond you can use the following formula Coupon Rate Annua...
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
