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You purchased a bond at $900. Its pays an annual coupon of $100 and matures in 10 years. If this bonds yield-to-maturity is 11.75%, what
You purchased a bond at $900. Its pays an annual coupon of $100 and matures in 10 years. If this bonds yield-to-maturity is 11.75%, what is the bonds nominal coupon rate?
| 10.00% | ||
| 12.75% | ||
| 8.57% | ||
| 5.78% |
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International Financial Management
Authors: Jeff Madura
10th Edition
1439038333, 9781439038338
