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A semiannual corporate bond has a face value of $1,000, a price of $888.88, and 8 years left to maturity. What is the annual coupon
- A semiannual corporate bond has a face value of $1,000, a price of $888.88, and 8 years left to maturity. What is the annual coupon rate today if the YTM is 7%?
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PMT=
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FV =
CPT I/Y=
Interest rate =
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
