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A company has bonds on the market with 15 years to maturity, a YTM of 6 percent, and a current price of $1,112. The bonds
A company has bonds on the market with 15 years to maturity, a YTM of 6 percent, and a current price of $1,112. The bonds make semiannual coupon payments. What must the coupon rate be on these bonds? (Note that coupon rate is quoted in nominal term) 7.14% 6.42% 3.61% 8.26% 6.00%
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The Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
13th Global Edition
1292409487, 978-1292409481
