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A firm issues a twenty-year bond with a face value of $5000 and coupons paid quarterly. If YTM is 6.2%, what should be the coupon
A firm issues a twenty-year bond with a face value of $5000 and coupons paid quarterly. If YTM is 6.2%, what should be the coupon rate offered if the bond is to trade at par?
A. | 3.1% | |
B. | 3% | |
C. | 6% | |
D. | 6.2% |
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