Question
What is the copon rate of the bond given the information below. The bond makes annual interest payments. (Do not round intermediate calculations, round answer
What is the copon rate of the bond given the information below. The bond makes annual interest payments.
(Do not round intermediate calculations, round answer to two decimals, i.e. 32.16)
YTM:7.7%
Maturity (years):27
Current Price: $1,198.99
Par value: $1,000.00
Cpoupon Rate: %
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Financial Management Theory And Practice
Authors: Eugene F Brigham, Michael C Ehrhardt
11th Edition
0324259689, 9780324259681
