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What are the coupon rates for the following bonds: (hint: find the annual coupon payment first, then divide it by the par value to find
What are the coupon rates for the following bonds: (hint: find the annual coupon payment first, then divide it by the par value to find the coupon rate) i) Bond C: Par value = $1000; years to maturity = 15; yield to maturity = 9%; current price = $879.0897; annual payment ii) Bond D: Par value = $1,000; years to maturity = 20; yield to maturity = 11%; current price = $839.5388; semi-annual payment
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