Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 14MC
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Question
![A $1,000 par value bond that pays interest
annually just paid $85.90 in interest.
What is the coupon rate?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5c109c87-43a4-4567-bad9-7a555c9deff7%2F21f23e05-1b4c-4c75-bfae-bb2b98959b5d%2Fo69ovos_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A $1,000 par value bond that pays interest
annually just paid $85.90 in interest.
What is the coupon rate?
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