Question
Suppose a five-year, $1,000 bond with annual coupons has a price of $898.27 and a yield to maturity of 5.5%. What is the bond's
Suppose a five-year, $1,000 bond with annual coupons has a price of $898.27 and a yield to maturity of 5.5%. What is the bond's coupon rate? The bond's coupon rate is %. (Round to three decimal places.)
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
132148234, 978-0132148238
