Question
Consider a 28-year, 3.6% annual coupon bond with $1,000 face value. Yield to maturity is 8.8%. What percent of this bonds value comes from its
Consider a 28-year, 3.6% annual coupon bond with $1,000 face value. Yield to maturity is 8.8%. What percent of this bonds value comes from its coupon payments? Answer in percent, rounded to one decimal place (e.g., 34.71% --> 34.7)?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
7th Edition
0030333288, 9780030333286
