What is the coupon rate of a eight-year, $10,000 bond with semiannual coupons and a price of $9,649.09, if it has a yield to maturity of 6.2%? A.6.764% B.4.51% C.7.892% D. 5.637%
What is the coupon rate of a eight-year, $10,000 bond with semiannual coupons and a price of $9,649.09, if it has a yield to maturity of 6.2%? A.6.764% B.4.51% C.7.892% D. 5.637%
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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What is the coupon rate of a eight-year, $10,000 bond with semiannual coupons and a price of $9,649.09, if it has a yield to maturity of 6.2%?
A.6.764%
B.4.51%
C.7.892%
D. 5.637%
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