A $1000 par value 27 year bond recently sold for $1065 the yield to maturity on the bond is 8.15% what is the bonds coupon rate, assuming payments are made annually?
A $1000 par value 27 year bond recently sold for $1065 the yield to maturity on the bond is 8.15% what is the bonds coupon rate, assuming payments are made annually?
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 4MC
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A $1000 par value 27 year bond recently sold for $1065 the yield to maturity on the bond is 8.15% what is the bonds coupon rate, assuming payments are made annually?
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