Question
Nu Tech is issuing 30-year bonds. In order to sell the bond at par, what coupon rate does Nu Tech need to provide if a
Nu Tech is issuing 30-year bonds. In order to sell the bond at par, what coupon rate does Nu Tech need to provide if a similar bond has a YTM of 2.0%. Please answer in decimal format and keep 4 decimal places. No credit will be awarded if your answer is in percentage.
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
11th Edition
1264413041, 9781264413041
