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In: Finance

Given the following information, what’s the bond’s annual coupon rate? N:     5 I/Y: 6.0% FV:...

Given the following information, what’s the bond’s annual coupon rate?

N:     5

I/Y: 6.0%

FV: 1000

PV = -900

Select one:

a. 3.6%

b. 4.6%

c. 5.6%

d. 6.6%

e. 7.6%

Solutions

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