Question
John's Inc. just issued a 6-year, semi-annual coupon bond at a price of $1,232.58. The face value of the bond is $1,000, and the YTM
John's Inc. just issued a 6-year, semi-annual coupon bond at a price of $1,232.58. The face value of the bond is $1,000, and the YTM is 4.5% p.a. How much is the annual coupon rate ?
Question 1 options:
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18.02%
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8.97%
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6.44%
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12.87%
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9.01%
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Financial Management Theory And Practice
Authors: Prasanna Chandra
10th Edition
9353166527, 978-9353166526
