An annual coupon bond has a face value of $1,000 and a coupon rate of 5.2%. Time to maturity is 19 years and the current
An annual coupon bond has a face value of $1,000 and a coupon rate of 5.2%. Time to maturity is 19 years and the current yield to maturity is 6.2%. What percentage of this bond's value is due to its face value? Answer in percent, rounded to one decimal place (e.g., 54.67% --> 54.7)
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Authors: Paula H. Song, Kristin L. Reiter
3rd Edition
1567939759, 978-1567939750
