If a bonds coupon rate were above its required rate of return, would its price be above
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If a bond’s coupon rate were above its required rate of return, would its price be above or below its par value? Explain.
CouponA coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...
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