Question
The market price of a semi-annual pay bond is $978.41. It has 24.00 years to maturity and a yield to maturity of 7.50%. What is
The market price of a semi-annual pay bond is $978.41. It has 24.00 years to maturity and a yield to maturity of 7.50%. What is the coupon rate? Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
