A three-year bond provides a coupon of 8% semiannually and has a cash price of 104. What
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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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The bond pays 4 in 6 12 18 24 an...View the full answer
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