You have just purchased a 15year, $1,000 par value US Government bond for $909.20. The yield to

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You have just purchased a 15−year, $1,000 par value US Government bond for $909.20. The yield to maturity on the bond is 8.6%.

What is the coupon rate?

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-1133541141

13th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Jul 03, 2023 12:12 AM

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You have just purchased a 15year, $1,000 par value US Government bond for $909.20. The yield to

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Fundamentals of Financial Management

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