Suppose a twenty-year bond with a $1,000 face value that pays anannual coupon is priced...

Suppose a twenty-year bond with a $1,000 face value that pays an annual coupon is priced at 1071.06 and has a yield to maturity of 7%. What is the coupon rate of the bond?

Expert Solution

SOLUTION:-

= 7.604%

.

Rahul Sunny answered 2 years ago

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