A 5000 face value bond has 4 years to its maturity the


1. A $5,000 face value bond has 4 years to its maturity. The market price of this bond is $5,100. If the YTM of this bond, calculated using the approximation method, is 2.475 %, what is the coupon rate of this bond?

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Microeconomics: A 5000 face value bond has 4 years to its maturity the
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