A Brandon bond has a par value of $1,000, a yield of 5.71 percent, and a coupon
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A Brandon bond has a par value of $1,000, a yield of 5.71 percent, and a coupon of 4.71 percent, paid semiannually and sells for $825.50.What is the unusual feature of the bond?Hint: solve for the missing variable..A Brandon bond has a par value of $1,000, a yield of 5.71 percent, and a coupon of 4.71 percent, paid semiannually and sells for $825.50.What is the unusual feature of the bond?
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