1. The bond of Nichols Corp is currently trading at (the price of a bond) $700.00. The...
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1. The bond of Nichols Corp is currently trading at (the price of a bond) $700.00. The bond matures in 20 years and has today a yield to maturity of 3%. This is a semiannual coupon bond with a par value of $1,000. The coupon rate of this bond is?
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