Question: A 2 0 - year bond, $ 1 , 0 0 0 face volue bond pays an 9 % annual coupon and a yold to

A 20-year bond, $1,000 face volue bond pays an 9% annual coupon and a yold to maturly of 8%. The bond is selling at $1196.36. HoW much is the annual coupon?
A 2 0 - year bond, $ 1 , 0 0 0 face volue bond

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