What is the coupon rate on a bond with the following given conditions? Term:10 years Par...

Question

Question

What is the coupon rate on a bond with the following given conditions?

Term:10 years

Par Value: $1000

Market Value: $889

Yield to maturity 12%

business finance

Answer 1

Answer #1

YEILD = 12.0000% RATE = YIELD/2 = 6.00% YEARS TO MATURITY 10.0 NPER 20.0 (years to maturity x 2) FACE VALUE $1,000.00 PRICE =

Answer 2

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