A bond pays annual coupons of $125 at the end of each year for 7 years. It
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Question:
A bond pays annual coupons of $125 at the end of each year for 7 years. It is priced at $2,700 corresponding to a yield of 6.5% pa. You know that the face value is 1.3 times the redemption value.
The coupon rate effective per year is?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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