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Currently, the price of a bond is $1000.00. The bond has semiannual coupon payments and a par value of $1,000. The bond matures in 10
Currently, the price of a bond is $1000.00. 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 0.01%; enter in % nomenclature BUT do not use the percentage (%) sign. For example, if your result is 8.957% (or 0.08957) then enter 8.96; if your result is 6% then enter 6.00
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