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Assume a par value of $1,000.00. A firm plans to issue a 13-year, annual payment bond that has a price of $1,041.07. If the yield
Assume a par value of \$1,000.00. A firm plans to issue a 13-year, annual payment bond that has a price of \$1,041.07. If the yield to maturity for the bond is 8.50% p.a.. what will the coupon rate of the bond be? 1) None of the given answers for this question are within 0.05 points of the correct answer. 2) 7.9796 3) 9.03% 4) 6.85% 5) 5.0096
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