Question
ABC Enterprises has bonds on the market making annual payments, with 15 years to maturity, and selling for $1,150. At this price, the yield to
ABC Enterprises has bonds on the market making annual payments, with 15 years to maturity, and selling for $1,150. At this price, the yield to maturity is 5.2%. What must the coupon rate % ? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) (Omit % sign in your response.
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Financial Services Sales Handbook A Professionals Guide To Becoming A Top Producer
Authors: Clifton T. Warren
1st Edition
1631574930, 978-1631574931
