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Business, 16.12.2020 16:40 bobbye001

Outstanding bonds have a $1,000 par value and they mature in 20 years. Their nominal yield to maturity is 9.00 percent and they pay interest semiannually. The bonds sell at a price of $975.00. What is the bond's coupon rate?

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Outstanding bonds have a $1,000 par value and they mature in 20 years. Their nominal yield to maturi...
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