What is the coupon rate of a nine-year, $10,000 bond with semiannual coupons and a price of $7,863.50, if it has a yield to maturity of 7.8%? A. 6.233% B. 5.342% C. 3.562% D. 4.452%

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
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What is the coupon rate of a nine-year, $10,000 bond with semiannual coupons and a price of $7,863.50, if it has a yield
to maturity of 7.8%?
A. 6.233%
OB. 5.342%
OC. 3.562%
D. 4.452%
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Transcribed Image Text:point(s) possib What is the coupon rate of a nine-year, $10,000 bond with semiannual coupons and a price of $7,863.50, if it has a yield to maturity of 7.8%? A. 6.233% OB. 5.342% OC. 3.562% D. 4.452% View
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