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City Wok Inc. bonds trade for a price of $88.298. The bonds have 10 years to maturity and a yield to maturity of 3.4%.
City Wok Inc. bonds trade for a price of $88.298. The bonds have 10 years to maturity and a yield to maturity of 3.4%. The bonds par annual coupons (the next coupon is due in one year) and the face value is $100. What is the coupon rate of the bond? 5.0% O 4.0% 3.0% 2.0%
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Financial Theory and Corporate Policy
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
4th edition
321127218, 978-0321179548, 321179544, 978-0321127211
