Question: A bond with a $1,000 face value and 13 years to maturity is currently selling for $920. If the yield to maturity is 5.6%, what
A bond with a $1,000 face value and 13 years to maturity is currently selling for $920. If the yield to maturity is 5.6%, what is the coupon rate of the bond?
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To find the coupon rate of the bond we can use the present value formula for a bo... View full answer
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