Determination of Coupon Rate of a Bond by Homework Help Classof1

Determination of Coupon Rate of a Bond

byHomework Help Classof1

Kobo ebook | April 10, 2013

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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.

Title:Determination of Coupon Rate of a BondFormat:Kobo ebookPublished:April 10, 2013Publisher:Classof1Language:English

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