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PLEASE ANSWER ASAP 9) Georgette bought a 15 -year, annual coupon bond which is priced at $1184.56. The bond has a $1,000 face value and
PLEASE ANSWER ASAP
9) Georgette bought a 15 -year, annual coupon bond which is priced at $1184.56. The bond has a $1,000 face value and a yield to maturity of 6.5 percent. What is the coupon rate (hint: solve the annual payment first)? And is this a discount or premium bond? A) 8.46 percent; Premium bond B) 3.25 percent; Premium bond C) 7.74 percent; Discount bond D) 6.34 pereent; Premium bond E) 8.46 percent; Discount bond Step by Step Solution
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