What is the coupon rate of an eight-year, $10,000 bond with semiannual coupons and a...
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Accounting
What is the coupon rate of an eight-year, $10,000 bond with semiannual coupons and a price of $9006.6568, if it has a yield to maturity of 6.5%?
A) 6.84% B) 4.888% C) 3.91% D) 5.87%
please computed with a fiancial calculator with an explanation. thanks!
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