Question
A companys bonds have a $1,000 par value, and mature in 15 years. Their nominal yield to maturity is 9.50%, they pay interest semiannually, and
A companys bonds have a $1,000 par value, and mature in 15 years. Their nominal yield to maturity is 9.50%, they pay interest semiannually, and currently, they sell at a price of $925. What is the bond's nominal coupon rate?
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
