Question
A fourteen-year, semiannual coupon bond is selling for $908.98. The bond has a face value of $1,000 and a yield to maturity of 6.5 percent.
A fourteen-year, semiannual coupon bond is selling for $908.98. The bond has a face value of $1,000 and a yield to maturity of 6.5 percent. What is the coupon rate?
4.23 percent
6.03 percent
2.75 percent
4.95 percent
5.50 percent
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Cases In Financial Reporting
Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally
8th Edition
1618531220, 9781618531223
