A 9​-yearbond pays interest of $28.10 ​semiannually, has a face value of $1,000​, and is selling for $848.90. What are its annual coupon rate and yield to​ maturity?   The annual coupon rate is__________​%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
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A 9​-yearbond pays interest of $28.10 ​semiannually, has a face value of
$1,000​, and is selling for $848.90.
What are its annual coupon rate and yield to​ maturity?
 
The annual coupon rate is__________​%.
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