Currently, the price of a bond is $$1000\mathrm{.}00.$ The bond has semiannual coupon

payments and a par value of $$1,000.$ The bond matures in $10$ years and has, today, a

yield to maturity $($YTM$)$ of $8\%.$ The coupon rate of this bond is

For the answer: round to the nearest $0\mathrm{.}01\%$; enter in $\%$ nomenclature BUT do not

use the percentage $(\%)$ sign. For example, if your result is $8\mathrm{.}957\%($or $0\mathrm{.}08957)$ then

enter $8\mathrm{.}96$ ; if your result is $6\%$ then enter $6\mathrm{.}00$

For excel file with TVM formulas, click here

Your Answer:

Answer