Question
A companys bonds have a $1,000 par value, and mature in 15 years. Their nominal yield to maturity is 11.50%, 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 11.50%, they pay interest semiannually, and currently they sell at a price of $925. What is the bond's nominal coupon rate?
| 12.32% | ||
| 8.55% | ||
| 10.44% | ||
| 9.50% | ||
| 11.38% |
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Handbook Of Modeling High Frequency Data In Finance
Authors: Frederi G. Viens, Maria Cristina Mariani, Ionut Florescu
1st Edition
0470876883, 978-0470876886
