Question
Suppose a 5 -year, $1,000 bond with annual coupons has a price of $1,050 and a yield to maturity of 6%. What is thebond's couponrate?
Suppose a 5-year, $1,000 bond with annual coupons has a price of $1,050 and a yield to maturity of 6%. What is thebond's couponrate?
The coupon rate is %. (Round to two decimalplaces.)
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
