You currently hold a 20-year bond issued by the PB&J Corporation. You bought the bond...
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Finance
- You currently hold a 20-year bond issued by the PB&J Corporation. You bought the bond 4 years ago. The PB&J bond is semi-annual and has a yield to maturity of 7%. The current price of the bond is $988.
- What is annual coupon rate?
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Is this bond a premium or a discount bond?
- What is annual coupon rate?
-
Is this bond a premium or a discount bond?
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