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Suppose a five-year, $1,000 bond with annual coupons has a price of $895.85 and a yield to maturity of 5.6%. What is the bond's coupon
Suppose a five-year, $1,000 bond with annual coupons has a price of $895.85 and a yield to maturity of 5.6%. What is the bond's coupon rate? The bond's coupon rate is %. (Round to three decimal places.)
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
