What is the coupon rate of an eight-year, $10,000 bond with semiannual coupons and a price of $9006, if it has a yield to maturity of 5.6%? a. 4.89% b. 5.87% c. 3.91% d. 4.04%
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What is the coupon rate of an eight-year, $10,000 bond with semiannual coupons and a price of $9006, if it has a yield to maturity of 5.6%?
a. 4.89%
b. 5.87%
c. 3.91%
d. 4.04%
Step by step
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