Question
A coupon bond with a face value of $29,000 and quarterly coupon payments has 5 years to maturity and a yield to maturity of 4.2%.
A coupon bond with a face value of $29,000 and quarterly coupon payments has 5 years to maturity and a yield to maturity of 4.2%. If the current price is $11,650, what is the coupon rate?
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Valuation Measuring and managing the values of companies
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
5th edition
978-0470424650, 9780470889930, 470424656, 470889934, 978-047042470
