Q.5 What was the bond' s coupon On 11/18/2021 the China's Ministry of Finance sold the ¥2B worth of five-year bond at 99 yuan, or an issuance yield of 2.6 %, while the ¥1B of 10-year treasury bonds were sold at 111 yuan, or 2.8%. Missing are the 5Y and 10Y bonds' coupon rates; calculate them!

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
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Q.5 What was the bond's coupon
On 11/18/2021 the China's Ministry of Finance sold the ¥2B worth of five-year bond at 99 yuan, or an issuance yield of 2.6 %,
while the ¥1B of 10-year treasury bonds were sold at 111 yuan, or 2.8%. Missing are the 5Y and 10Y bonds' coupon rates;
calculate them!
Transcribed Image Text:Q.5 What was the bond's coupon On 11/18/2021 the China's Ministry of Finance sold the ¥2B worth of five-year bond at 99 yuan, or an issuance yield of 2.6 %, while the ¥1B of 10-year treasury bonds were sold at 111 yuan, or 2.8%. Missing are the 5Y and 10Y bonds' coupon rates; calculate them!
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