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Siamtop Inc. offers a 15-year coupon bond with semiannual payments. The yield to maturity is 7.34...

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Finance

Siamtop Inc. offers a 15-year coupon bond with semiannualpayments. The yield to maturity is 7.34 percent and the bonds sellat 96 percent of par. What is the coupon rate?

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Answer & Explanation Solved by verified expert
3.8 Ratings (541 Votes)
Value of a bond PV of cashflows arising from itLets assume FV of Bond is 100000    See Answer
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Siamtop Inc. offers a 15-year coupon bond with semiannualpayments. The yield to maturity is 7.34 percent and the bonds sellat 96 percent of par. What is the coupon rate?Show work.

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