Question: Suppose a 25-year bond valued at par with face value 1000 and semi-annual coupon rate r is purchased at-par for 1500. What is the coupon
Suppose a 25-year bond valued at par with face value 1000 and semi-annual coupon rate r is purchased at-par for 1500. What is the coupon rate r? Note: the YTM is not given but the bond is purchased at par. Does that mean the YTM is equal to the annual coupon rate?
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