Treasury bonds paying an 8 coupon rate with semiannual payments currently sell at par value What coupon rate would they have to pay in order to sell at par if they paid their coupons annually ...

Effective Annual rate 1 in n 1 Here n is the num ...

Treasury bonds paying an 8% coupon rate with semiannual payments currently sell at par value. What coupon

Question:

Treasury bonds paying an 8% rate with semiannual payments currently sell at par value. What rate would they have to pay in order to sell at par if they paid their coupons annually?

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...