Tanger Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 10 years. The annual

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Tanger Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 10 years. The annual yield to maturity is 8%. However coupon is paid semiannually, and they sell at a price of $1050.96. What is the bond's annual coupon interest rate?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Jun 21, 2023 08:18 AM

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Tanger Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 10 years. The annual

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The bonds face value is 1000 and it is due to mature in 10 years The annua... View the full answer

Foundations of Financial Management

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