Question
Consider a bond with a current market price of $1,166.09, makes semiannual coupon interest payments, matures 15 years today and has an 6.5 percent required
Consider a bond with a current market price of $1,166.09, makes semiannual coupon interest payments, matures 15 years today and has an 6.5 percent required rate of return. What is the bond's coupon rate?
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
