Question
The market price of a semi-annual pay bond is $985.21. It has 18.00 years to maturity and a yield to maturity of 7.17%. What is
The market price of a semi-annual pay bond is $985.21. It has 18.00 years to maturity and a yield to maturity of 7.17%. 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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Numerical Methods In Finance
Authors: René Carmona, Pierre Del Moral, Peng Hu, Nadia Oudjane
2012th Edition
3642257453, 978-3642257452
