
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:A 10-year Circular File bond pays interest of $65 annually and sells for $990. What are
its coupon rate and yield to maturity? (Do not round intermediate calculations. Round
"Coupon rate" to 1 decimal place and "Yield to maturity" to 2 decimal places.)
Coupon rate
Yield to maturity
6.5 %
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