A semi-annual coupon bond is currently selling for $747 and has a yield to maturity of 8.13

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A semi-annual coupon bond is currently selling for $747 and has a yield to maturity of 8.13 percent. The bond matures in 7 years. What is the coupon rate of this bond if the face value is $1,000?

A) 0 percent

B) 3.32 percent

C) 8.47 percent

D) 16.60 percent

Related Book For answer-question

Financial Accounting an introduction to concepts, methods and uses

ISBN: 978-0324789003

13th Edition

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

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Posted Date: Nov 07, 2023 02:06 AM

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A semi-annual coupon bond is currently selling for $747 and has a yield to maturity of 8.13

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Financial Accounting an introduction to concepts, methods and uses

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