
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:5. Suppose a ten-year bond with face value $1000 and semiannual coupons has a price of
$1,071.06 and a yield to maturity of 7%. This bond's coupon rate is closest to:
A) 3.5%.
B) 6.0%.
C) 7.0%.
D) 8.0%.
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