Question
A coupon bond with $10000 face value, 20 years to maturity, quoted at 8% APR with semi-annual compounding is currently trading at $5051.81. What is
A coupon bond with $10000 face value, 20 years to maturity, quoted at 8% APR with semi-annual compounding is currently trading at $5051.81. What is its coupon rate if it makes coupon payments every 6 months?
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Personal Finance
Authors: Vickie L Bajtelsmit
2nd Edition
111959247X, 9781119592471
