Question
TJS has a bond outstanding with a market price of $1,136.00. The bond has 3.5 years to maturity, pays interest semiannually, and has a yield
TJS has a bond outstanding with a market price of $1,136.00. The bond has 3.5 years to maturity, pays interest semiannually, and has a yield to maturity of 9%. What is the bonds coupon rate?
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
