Determination of Coupon Rate of a Bond

Business & Finance, Accounting
Cover of the book Determination of Coupon Rate of a Bond by Homework Help Classof1, Classof1
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Author: Homework Help Classof1 ISBN: 1230000120831
Publisher: Classof1 Publication: April 10, 2013
Imprint: Language: English
Author: Homework Help Classof1
ISBN: 1230000120831
Publisher: Classof1
Publication: April 10, 2013
Imprint:
Language: English
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

You have paid $1,063.65 for a bond with 9 years remaining to maturity. Interest on the bond is paid semiannually. If the current rate of return for similar investments is a nominal 8%, what is this bond’s coupon rate? Round your answer to two decimal places.

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You have paid $1,063.65 for a bond with 9 years remaining to maturity. Interest on the bond is paid semiannually. If the current rate of return for similar investments is a nominal 8%, what is this bond’s coupon rate? Round your answer to two decimal places.

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