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A fifteen-year bond sells for $823.38 and yields 6.80% APR. What is the bond's coupon rate? Assume semi-annual compounding. Coupon rate must be entered in
A fifteen-year bond sells for $823.38 and yields 6.80% APR. What is the bond's coupon rate? Assume semi-annual compounding. Coupon rate must be entered in as a decimal.
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
