What is the coupon rate for the following bond? Par value: $1,000 Interest rate: 9% Years to

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What is the coupon rate for the following bond?

Par value: $1,000

Interest rate: 9%

Years to maturity: 15 years

Current market price: $950

The coupon payments are paid semiannually.

The correct answer is: 8.3861%

How?

Posted Date: May 18, 2024 02:17 PM

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What is the coupon rate for the following bond? Par value: $1,000 Interest rate: 9% Years to

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