Question
Treasury bonds paying an 6.75% coupon rate with semiannual payments currently sell at par value. What coupon rate would they have to pay in order
Treasury bonds paying an 6.75% coupon rate with semiannual payments currently sell at par value. What coupon rate would they have to pay in order to sell at par if they paid their coupons annually?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
6th Edition
1473749247, 9781473749245
