Question
What is the coupon rate of an annual bond that has a yield to maturity of 8.5%, a current price of $942.32, a par value
What is the coupon rate of an annual bond that has a yield to maturity of 8.5%, a current price of $942.32, a par value of $1,000 and matures in thirteen years?
A) 8.33%
B) 7.67%
C) 7.75%
D) 8.50%
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Financial Accounting
Authors: Anne Britton, Christopher Waterston
3rd Edition
027365859X, 978-0273658597
