You have just purchased an outstanding 10-year bond with a par value of $1,000 for $925.50....
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You have just purchased an outstanding 10-year bond with a par value of $1,000 for $925.50. Its annual coupon payment is $70. a. What is the Coupon rate? b. What is the bond's yield to maturity? You have just purchased an outstanding 10-year bond with a par value of $1,000 for $925.50. Its annual coupon payment is $70. a. What is the Coupon rate? b. What is the bond's yield to maturity?
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