| Author: | Homework Help Classof1 | ISBN: | 1230000120831 |
| Publisher: | Classof1 | Publication: | April 10, 2013 |
| Imprint: | Language: | English |
| Author: | Homework Help Classof1 |
| ISBN: | 1230000120831 |
| Publisher: | Classof1 |
| Publication: | April 10, 2013 |
| Imprint: | |
| Language: | English |
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.
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.
