Question
Find the annual coupon rate for a bond that features: Face Value is $1,000 Current Price is $1,028 Time to Maturity is 14 years Yield
Find the annual coupon rate for a bond that features:
Face Value is $1,000 Current Price is $1,028 Time to Maturity is 14 years Yield to Maturity is 9
Enter your answer as a percentage rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.
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Money Locates You
Authors: Joan Ekobena
1st Edition
1774821257, 978-1774821251
