Question
XYZ Corporation's outstanding bonds have a $1,000 par value, and they mature in 5 years.Their yield to maturity is 9%, and the current market price
XYZ Corporation's outstanding bonds have a $1,000 par value, and they mature in 5 years.Their yield to maturity is 9%, and the current market price is $853.61.The bond pays semi-annual coupon. What is the bond's annual coupon rate?
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
