You have just paid $1,135.90 for a bond, which has 10 years before it, matures. It pays

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You have just paid $1,135.90 for a bond, which has 10 years before it, matures. It pays interest every six months. If you require an 8% return from this bond.

What is the coupon rate on this bond?

Related Book For answer-question

Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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Posted Date: May 04, 2023 01:09 AM

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You have just paid $1,135.90 for a bond, which has 10 years before it, matures. It pays

Question:

Expert Answer:

Answer Explanation i To get the coupon rate on the bond we can apply the present value formula for b... View the full answer

Financial Management for Public Health and Not for Profit Organizations

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