Question
ABC Inc. just issued today a twenty-year semi-annual coupon bond at a price of $787.39. The face value of the bond is $1,000, and the
ABC Inc. just issued today a twenty-year semi-annual coupon bond at a price of $787.39. The face value of the bond is $1,000, and the YTM is 9%. What is the annual coupon rate (final answer: in percent, to 2 decimal places)?
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
0444535942, 978-0444535948
