A bond that matures in 5 years is currently trading at 950


A bond that matures in 5 years is currently trading at $950. The yield to maturity on the bond is 6.5% and the bond makes coupon payments annually. Face value is $1000. What is the bond's coupon rate?

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Financial Management: A bond that matures in 5 years is currently trading at 950
Reference No:- TGS01373077

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