Why cant a firm that issues a bond set the coupon rate at any rate it wants?
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Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...
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Suppose company A wants to issue a bond It cant set the coupon rate ...View the full answer
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