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The face value of a30-year coupon bond is $100,000. If it pays$1500 every 3months, what is its couponrate? A. 4.5% B. 1.5% C. 15% D.
The face value of a30-year coupon bond is $100,000. If it pays$1500 every 3months, what is its couponrate?
A.
4.5%
B.
1.5%
C.
15%
D.
0.06%
E.
6%
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
