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Suppose a five-year, $1,000 bond with annual coupons has a price of $897 34 and a yield to maturity of 6.2%. What is the bond's
Suppose a five-year, $1,000 bond with annual coupons has a price of $897 34 and a yield to maturity of 6.2%. What is the bond's coupon rate? III. The bond's coupon rate is % (Round to three decimal places.)
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
2nd Edition
0273651080, 978-0273651086
