Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question

Assume the bonds par is $1000.

A 13 yr bond is selling at $1,040 and its coupn is paid semi annually.  If the YTM is 9%, what is the coupon rate?  Please show the steps.

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