Question
Coupon rate You can purchase a $1000 face value bond with 15 years to maturity for $1124. The bond pays a semi-annual coupon. The market
Coupon rate You can purchase a $1000 face value bond with 15 years to maturity for $1124. The bond pays a semi-annual coupon. The market requires a return of 8% on similar bonds. What is the coupon rate?
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The Oxford Handbook Of Hedge Funds
Authors: Douglas Cumming, Sofia Johan, Geoffrey Wood
1st Edition
0198840950, 978-0198840954
