Question
Consider the following bond where the coupons are paid annually, Bond CIBC Price $969.75 YTM 11% Years to maturity 15 years What is the coupon
Consider the following bond where the coupons are paid annually,
| Bond | CIBC |
| Price | $969.75 |
| YTM | 11% |
| Years to maturity | 15 years |
What is the coupon rate of this bond? Enter your answer as a percentage. Do not include the percentage sign in your answer.
Enter your response below. Enter your answer rounded to 2 DECIMAL PLACES.
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The Wealthtech Book The FinTech Handbook For Investors Entrepreneurs And Finance Visionaries
Authors: Susanne Chishti, Thomas Puschmann
1st Edition
1119362156, 978-1119362159
