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Suppose a five-year, $ 1 000 bond with annual coupons has a price of $ 897.65 and a yield to maturity of 6.2 % .
Suppose a five-year,
$ 1 000
bond with annual coupons has a price of
$ 897.65
and a yield to maturity of
6.2 %
.
What is the bond's coupon rate?
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
