Suppose a five-year, $1,000 bond with annual coupons has a price of$900.82 and a yield to maturity

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Suppose a five-year, $1,000 bond with annual coupons has a price of$900.82 and a yield to maturity of 6.3%. What is thebond's coupon rate?

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Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

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Posted Date: Feb 10, 2024 01:23 PM

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Suppose a five-year, $1,000 bond with annual coupons has a price of$900.82 and a yield to maturity

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To calculate the bonds coupon rate we can use the formula for current yield which is ... View the full answer

Fundamentals of Corporate Finance

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