Question
The current market wide interest rate is 7 percent. The price of a 6- year coupon bond with $1,000 par value, semi-annual coupon payments, is
The current market wide interest rate is 7 percent. The price of a 6- year coupon bond with $1,000 par value, semi-annual coupon payments, is $830.89. How much is the coupon rate of this bond?
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Mathematical Control Theory And Finance
Authors: Andrey Sarychev, Albert Shiryaev, Manuel Guerra, Maria Do Rosário Grossinho
2008th Edition
3540695311, 978-3540695318
