If the coupon rate on a bond is equal to the market rate of interest on similar
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If the coupon rate on a bond is equal to the market rate of interest on similar bonds, what is the price of the bond? What are these bonds commonly called?
CouponA 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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Financial Institutions, Markets and Money
ISBN: 978-1119330363
12th edition
Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias
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