Question
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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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
