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Semi-Annual Coupon Payment for the Bond

eBook (PDF), 4 Pages
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Price: $5.99
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.
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Product Details

Published
June 13, 2013
Language
English
Pages
4
File Format
PDF
File Size
655.87 KB

Formats for this Ebook

PDF
Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
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