A bond has a par value of $1,000, a current yield of 7.55 percent, and semiannual coupon payments. The bond isquoted at 99.61. What is the coupon rate of the bond?OMultiple Choice7.55%15.10%8.46%

Bonds are the source of raising funds by issuing bonds. The bond refers to the security offered by…

Answered: A bond has a par value of $1,000, a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A bond has a par value of $1,000, a current yield of 7.55 percent, and semiannual coupon payments. The bond is quoted at 99.61. What is the coupon rate of the bond? O Multiple Choice 7.55% 15.10% 8.46%