What is the coupon rate
Problem:
A $1,000 face value bond is currently quoted at 93.7. The bond pays semiannual payments of $32.50 and matures in 8 years.
Required:
Question: What is the coupon rate?
Note: Show all workings.
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Question: What is the coupon rate? Note: Show all workings.
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Question: What is the dirty price of this bond? Note: Please explain comprehensively and give step by step solution.
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