Assume that a corporate bond has a par value of $1,000 and 15 years until it matures.  Also assume that investors require an annual effective rate of return of 12.36% (compounded semi-annually), that coupon interest is paid semi-annually, and that the current price for this bond is $931.18.  

What is the annual coupon rate on this bond?

Answer rating: 100% (QA)

Coupon Rate 2 x Par Valu... View the full answer