There is a 30-year bond with a 9 percent coupon and a 6 percent yield to maturity.
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Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...
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Duration to maturity 10306 103 3009 06 06 09103 60 1 Duration to maturity 13309 years Duration ...View the full answer
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Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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