firm ABC has issues a 1,000 par value bond. these bonds mature in 5 years and pay

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firm ABC has issues a 1,000 par value bond. these bonds mature in 5 years and pay coupons semi annually. the YTM of the bond is 10%, and the price of the bond is 950.45; what is the coupon rate?

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: Apr 03, 2024 06:43 AM

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firm ABC has issues a 1,000 par value bond. these bonds mature in 5 years and pay

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Expert Answer:

To calculate the coupon rate on the bond issued by firm ABC we can use the formula for the present v... View the full answer

Intermediate Accounting IFRS Edition

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