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A corporate bond (with semi-annual interest payments) has 15 years remaining to maturity and trades for $1,049. The yield to maturity of the bond is
A corporate bond (with semi-annual interest payments) has 15 years remaining to maturity and trades for $1,049. The yield to maturity of the bond is 6%. What is its annual coupon rate? A. 5.2% B. 6.0% C. 5.7% D. 6.5%
A corporate bond (with semi-annual interest payments) has 15 years remaining to maturity and trades for $1,049. The yield to maturity of the bond is 6%. What is its annual coupon rate?
A.
5.2%
B.
6.0%
C.
5.7%
D.
6.5%
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