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Suppose a five-year, $1,000 bond with annual coupons has a price of $903.59 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 $903.59 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.) Step by Step Solution
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Quantitative Corporate Finance
Authors: John B. Guerard Jr. Anureet Saxena, Mustafa Gultekin
2nd Edition
3030435466, 978-3030435462
