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What is the coupon rate of a five-year, $10,000 bond with semiannual coupons and a price of $9.779.33, if it has a yield to maturity
What is the coupon rate of a five-year, $10,000 bond with semiannual coupons and a price of $9.779.33, if it has a yield to maturity of 6.5%?
The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 10 years. The bond certificate indicates that the stated coupon rate for this bond is 9.9% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the Sisyphean bond is 7.7%, then the price that this bond trades for will be closest to?
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