Question
A coupon bond with 8 years remaining to maturity has a yield to maturity of 9% and a face value of $1,000 that is returned
A coupon bond with 8 years remaining to maturity has a yield to maturity of 9% and a face value of $1,000 that is returned to the bondholder at maturity. The bond has a current price of $740. Which of the following comes closest to the coupon payment of this bond?
$38.38
$38.53
$43.02
$90.00
$74.00
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Authors: Greg Middleton
1st Edition
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