Question
Suppose a five-year, $1,000 bond with annual coupons has a price of $897.56 and a yield to maturity of 6.2%. What is the bond's coupon
Suppose a five-year, $1,000 bond with annual coupons has a price of $897.56 and a yield to maturity of 6.2%. What is the bond's coupon rate? The bond's coupon rate is _________ %. (Round to three decimal places.)
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
