Consider a default-free coupon bond with a maturity of three years and annual coupon payments and a
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Question:
Consider a default-free coupon bond with a maturity of three years and annual coupon payments and a face value of $1000 that is trading at $922.30. Its yield to maturity is 4%.
What is the coupon rate of this bond?
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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