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Question 10. 10. A bond has a current value of $979.41 and matures in 10 years. The yield to maturity on the bond is 7.5%.
| Question 10. 10. A bond has a current value of $979.41 and matures in 10 years. The yield to maturity on the bond is 7.5%. What is the coupon rate on the bond? (Assume annual payments) (Points : 20) |
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Business Mathematics
Authors: Charles MillerStanley SalzmanStanley SalzmanGary Clendenen
11th Edition
0321500121, 9780321500120
