A bond with a face value of $1,081 has a semi-annual payment of $53 and matures in

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A bond with a face value of $1,081 has a semi-annual payment of $53 and matures in 4 years, 9 months, and 12 days. It is currently selling for
$1,019.48. What is the coupon rate of this bond?

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Investments Analysis and Management

ISBN: 978-1118363294

12th edition

Authors: Charles P. Jones

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Posted Date: Apr 23, 2024 09:14 AM

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A bond with a face value of $1,081 has a semi-annual payment of $53 and matures in

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Expert Answer:

To calculate the coupon rate of a bond you can use the following formula Coupon Rate Annua... View the full answer

Investments Analysis and Management

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