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A bond maturing in fifteen years has a a current price of $825.65, yield to maturity of 9.25%, a face value of $1,000. What is the coupon rate of an annual ?bond

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter4: Bond Valuation

Section: Chapter Questions

Problem 14P: Current Yield with Semiannual Payments A bond that matures in 7 years sells for $1,020. The bond has...

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Question

A bond maturing in fifteen years has a a current price of $825.65, yield to
maturity of 9.25%, a face value of $1,000. What is the coupon rate of an annual
?bond
إختر أحد الخيارات
7.06% A
7.92% .B
7.35% .C
7.57% .D

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