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Maxcorp's bond sell for $1223.64. The bond life is nine years, and the yield to maturity is 8.8%. What is the coupon rate on the
Maxcorp's bond sell for $1223.64. The bond life is nine years, and the yield to maturity is 8.8%. What is the coupon rate on the bonds? (assume a face value of $1000 and annual coupon payments.
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The Financial System Financial Regulation And Central Bank Policy
Authors: Thomas F. Cargill
1st Edition
1107035678, 9781107035676
