Question

Asked Oct 14, 2019

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Skyscraper Inc. has 12-year bonds outstanding with a face value of $1,000 and a market price of $974. The bonds pay interest annually and have a yield to maturity of 4.03%. What is the coupon rate?

Step 1

**Calculation of coupon rate:**

Coupon rate is *3.75%.*

**Excel spread shee...**

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