Quantitative Questions: 1. A company has bonds on the market making annual coupon payments. The bonds...
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Quantitative Questions: 1. A company has bonds on the market making annual coupon payments. The bonds have 7 years to maturity, a par value of $1,000, and selling for $986. At this price, the bonds yield 7.8 percent. What must the coupon rate be on the bonds? Quantitative Questions: 1. A company has bonds on the market making annual coupon payments. The bonds have 7 years to maturity, a par value of $1,000, and selling for $986. At this price, the bonds yield 7.8 percent. What must the coupon rate be on the bonds?
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