Question
A fixed coupon bond with a $1,000 face value and 20 years to maturity is currently trading at $919.18 with a yield to maturity of
A fixed coupon bond with a $1,000 face value and 20 years to maturity is currently trading at $919.18 with a yield to maturity of 4.10%. Based on these metrics, what is the annual coupon payment for this bond?
$35.00
$36.44
$41.00
$38.08
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
