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a)8.750% b)10.065% c)9.147% d)9.830% e)10.278% Danilo purchases a 15 year semi-annual coupon bond currently trading at $1,089.27. He expects a rate of return on these
a)8.750%
b)10.065%
c)9.147%
d)9.830%
e)10.278%
Danilo purchases a 15 year semi-annual coupon bond currently trading at $1,089.27. He expects a rate of return on these bonds of 8.75% p.a. compounded semi-annually. What is the coupon rate on these bondsStep by Step Solution
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