BaltimoreSun.com issued a par bond, i.e, its current market price is $1,000. The bond has 12 years

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BaltimoreSun.com issued a par bond, i.e, its current market price is $1,000. The bond has 12 years left to maturity. And its yield to maturity is 8.5%. What is the bond's annual amount of coupon payment?

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Posted Date: May 09, 2024 08:37 AM

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BaltimoreSun.com issued a par bond, i.e, its current market price is $1,000. The bond has 12 years

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Annual Coupon Payment Yield to Maturity YTM x Par Value Heres how to ... View the full answer

Finance Applications and Theory

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