Question
Suppose a five-year, $ 1 000 bond with annual coupons has a price of $ 897.66 and a yield to maturity of 5.8 % .
Suppose a five-year,
$ 1 000
bond with annual coupons has a price of
$ 897.66
and a yield to maturity of
5.8 %
.
What is the bond's coupon rate?
The bond's coupon rate is
%.
(Round to three decimal places.)
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
2nd Edition
0073530638, 9780073530635
