Given the following information, what is the coupon rate of the bond? Years to maturity: 12 Par value: $1,000 Interest rate: 10% Current market price: $1,150 Coupon payments are made semiannually. Select one: a. 1217 O b. .1109 O c. 0911 O d. 1043

Given the following information, what is the coupon rate of the bond? Years to maturity: 12 Par value: $1,000 Interest rate: 10% Current market price: $1,150 Coupon payments are made semiannually. Select one: a. 1217 O b. .1109 O c. 0911 O d. 1043

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Given the following information, what is the coupon rate of the bond?
Years to maturity: 12
Par value: $1,000
Interest rate: 10%
Current market price: $1,150
Coupon payments are made semiannually.
Select one:
O a. .1217
O b.
.1109
O c. 0911
Od. 1043

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