Question: Please explain how is the coupon stream is found. thank you Bond Prices A$1,000 par bond that pays interest semiannually has a quoted coupon rate
Please explain how is the coupon stream is found. thank you
Bond Prices A$1,000 par bond that pays interest semiannually has a quoted coupon rate of 7%, a promised yield to maturity of 5.8% and exactly 11 years to maturity. The present value of the coupon stream represents of the total bond's value. Multiple Choice 52.5% 50.3% 53.8% 51.4%
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