Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. what is the coupon rate of a five-year, $5,000 bon

What is the coupon rate of a five-year, $5,000 bond with semiannual coupons and a...

60.1K

Verified Solution

Question

Finance

image
What is the coupon rate of a five-year, $5,000 bond with semiannual coupons and a price of $4,740.17, if it has a yield to maturity of 7.2%. A. 7.133% B. 4.755% C. 5.944% D. 8.322%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

eBook The College Board reported the following mean scores for the three parts of the Scholastic...

Psychology
1.2K views

Reflective summary on Chapters 3 and 4 of the book Principles of Health Behavior by Edberg

Basic Math
1.2K views

Bob is a recent law school graduate who intends to take the state bar exam. According...

Physics
1.2K views

5 A double slit arrangement produces interference fringes for sodium light 589 nm that are...

Physics
1.2K views

Lx 15 cm A concave mirror is moving with velocity 41 2jcms whereas a point...

Statistics
1.2K views

Q2 Show that Sxx x x x x x Ex Ex n

Algebra
1.2K views

In each triangle ABC, angle C is a right angle. Find the value of the...

Accounting
1.2K views

ACC121 -Term Project- Due via Blackboard by December 6,2017 1. Balance Sheet The following data...

Accounting
1.2K views

A condensed income statement for the Commercial Division of Maxell Manufacturing Inc. for the year...

Accounting
1.2K views

Suponga que su objetivo en la vida es jubilarse con dos millones de dlares. Cunto...

Accounting
1.2K views

Bracey Company manufactures and sells one product. The following information pertains to the company's first...

Accounting
1.2K views

12. A deposition is: a. written statements of a party or witness prior to trial...