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A bond with a face value of $1,387 has a semi-annual payment of $33 and matures in 4 years, 11 months, and 9 days. It
A bond with a face value of $1,387 has a semi-annual payment of $33 and matures in 4 years, 11 months, and 9 days. It is currently selling for $926.86. What is the coupon rate of this bond?
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Financial Management
Authors: Rob Quail, Ricardo J. Rodriguez
2nd Edition
1557868441, 9781557868442
