Question
What is the coupon rate of a two-year, $10,000 bond with semiannual coupons and a price of $9543.45, if it has a yield to maturity
What is the coupon rate of a two-year, $10,000 bond with semiannual coupons and a price of $9543.45, if it has a yield to maturity of 6.8%? THE ANSWER IS 4.32 but can you please teach me the steps clearly in excel and also in notes since I am confused on the formula! Thanks
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
