Question: What is the coupon rate of a eight-year, $ 5 comma 000 bond with semiannual coupons and a price of $ 4 comma 028.63, if
What is the coupon rate of a eight-year, $ 5 comma 000 bond with semiannual coupons and a price of $ 4 comma 028.63, if it has a yield to maturity of 7.3%?
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Solution To calculate the coupon rate of a bond we can use the following formula Coupon Rate Yi... View full answer
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