Question
Mathys Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 10 years. Their nominal annual yield to maturity is 6.0%, they pay
Mathys Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 10 years. Their nominal annual yield to maturity is 6.0%, they pay interest semiannually, and they sell at a price of $896.00. What is the bond's nominal coupon rate?
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The Business Of Personal Finance
Authors: Joseph Calandro Jr, John Hoffmire
1st Edition
1032104562, 978-1032104560
