What is the coupon rate for a bond with 3 years until maturity, a price of $1,053.46, and a yield to maturity of 7%? Interest is paid annually. FV= Par Value = $1,000 O 9.04% 8% O 7.9% O 8.5%

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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What is the coupon rate for a bond with 3 years until maturity, a price of $1,053.46, and a yield to maturity of 7%? Interest is paid annually. FV= Par Value = $1,000
9.04%
O 8%
O 7.9%
O 8.5%
Transcribed Image Text:What is the coupon rate for a bond with 3 years until maturity, a price of $1,053.46, and a yield to maturity of 7%? Interest is paid annually. FV= Par Value = $1,000 9.04% O 8% O 7.9% O 8.5%
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