A 20-year treasury bond is issued with face value of 1000
A 20-year Treasury bond is issued with face value of $1,000, paying interest of $40 per year. If market yields increase shortly after the T-bond is issued, what is the bond’s coupon rate? (Round your answer to 1 decimal place.)
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a 20-year treasury bond is issued with face value of 1000 paying interest of 40 per year if market yields increase
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