20 (1 point) Wang Ltd's outstanding semiannual coupon bonds have a $1,000 par value, and...
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20 (1 point) Wang Ltd's outstanding semiannual coupon bonds have a $1,000 par value, and they mature in 4 years. Their yield to maturity is 7%, based on semiannual compounding, and the current market price is $853.61. What is the bond's annual coupon rate? A) 5.40% B) 5.30% OC) 2.74% D) 3.10%
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