Question
Suppose a five-year,$1,000bond with annual coupons has a price of $899.82 and a yield to maturity of 5.6%. What is the bond's coupon rate? The
Suppose a five-year,$1,000bond with annual coupons has a price of $899.82 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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HBR Guide To Finance Basics For Managers
Authors: Harvard Business Review
1st Edition
1422187306, 978-1422187302
