What is the coupon rate for the following bond? Par value $1.000 Interest rate 9.4% Years...

Question

Question

What is the coupon rate for the following bond? Par value $1.000

Interest rate 9.4%

Years maturity 10 years

Current market price$950

The coupon payments are paid semiannually

business finance

Answer 1

Answer #1

G22 foc =PMT(G12, G16,-G20,618) F н т Semi Annually: YEILD = 9.40% RATE = YIELD/2 = 4.70% YEARS TO MATURITY 10 NPER 20 (years

Answer 2

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