Annual coupon rate of the bond
A corporate bond is sold at $913.81 and it will mature in six years. Its YTM is 11%. What is the annual coupon rate of the bond? (Assume semi-annually compounding)
a. 5%.
b. 11%
c. 12%
d. 7%.
e. 9%
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A corporate bond is sold at $913.81 and it will mature in six years. Its YTM is 11%. What is the annual coupon rate of the bond?
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