An annual coupon bond with a $1,000 face value matures in 10 years. The bond currently sells for $903.7351 and has a 9 percent yield to maturity. What is the bond’s annual coupon rate?
a. 6.7%
b. 7.0%
c. 7.2%
d. 7.5%
e. 7.7%
Answer: D
An annual coupon bond with a $1,000 face value matures in 10 years. The bond currently sells for $903.7351 and has a 9 percent yield to maturity. What is the bond’s annual coupon rate?
a. 6.7%
b. 7.0%
c. 7.2%
d. 7.5%
e. 7.7%
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.