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What is the coupon rate of a five-year, $5,000 bond with semiannual coupons and a price of $4,459.64, if it has a yield to maturity
What is the coupon rate of a five-year, $5,000 bond with semiannual coupons and a price of $4,459.64, if it has a yield to maturity of7.7%?
A.6.066%
B.7.077%
C.4.044%
D.5.055%
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ISE Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1260571157, 978-1260571158
