Question
You are looking at investing in an annual coupon bond with 7 years to maturity, a face value of $1000, a yield to maturity of
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You are looking at investing in an annual coupon bond with 7 years to maturity, a face value of $1000, a yield to maturity of 8.6% and a price of $877.01. What is the annual coupon of the bond?
(please round your answer to the nearest penny)
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Personal Finance A Practical Approach
Authors: Jane King, Mary Carey
1st Edition
0199668833, 9780199668830
