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A coupon bond is sold at $923.14 (at a discount from its face value of 1,000). The investors in the market currently require a 10%
- A coupon bond is sold at $923.14 (at a discount from its face value of 1,000). The investors in the market currently require a 10% yield (annually compounded) on the bond. Which of the following is most likely the coupon rate for the bond if the coupon is paid annually?
- a. 12%b. 8%c. 10%
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
