A $1,000 par value bond has a current price of $891.04 and a maturity value of $1,000
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A $1,000 par value bond has a current price of $891.04 and a maturity value of $1,000 and matures in 7 years. If interest is paid semiannually and the bond is priced to yield 8%, what is the bond's annual coupon rate?
The bond's annual coupon rate is _%?
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Making Hard Decisions with decision tools
ISBN: 978-0538797573
3rd edition
Authors: Robert Clemen, Terence Reilly
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