Treasury bonds paying an 8% coupon rate semiannually. They are currently selling at par.  What coupon rate would they have to pay in order to sell at par if the bonds paid the

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 5MC: What would be the value of the bond described in Part d if, just after it had been issued, the...
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Treasury bonds paying an 8% coupon rate semiannually. They are currently selling at par.  What coupon rate would they have to pay in order to sell at par if the bonds paid the coupon annually instead?

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