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please do it in 25 minutes please urgently.. I'll give you up thumb definitely 4. James is a bond analyst at AB Financial Corporation. Given
please do it in 25 minutes please urgently.. I'll give you up thumb definitely
4. James is a bond analyst at AB Financial Corporation. Given the current economic scenario, he thinks cashflows sooner will be more valuable; hence, he plans to tilt the bond portfolio toward coupon-paying bonds. He observes that one of the bonds in his portfolio has 11.5 years to maturity, a YTM of 6.8%, a par value of $1,000, and a current price of $1,055. The bond makes semi-annual payments. He calculates the coupon rate on those bonds. What must be the number that he arrived at? a. 8.497% b. 7.497% C. 6.334% d. 5.358% e. None of the aboveStep by Step Solution
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