Bond payments-coupon rate-face value
Problem:
Assume that a bond will make payments every six months.The timeline is 0, 1=$20, 2=$20, 3=$20....20= $20+$1000What is the maturity of the bond (in years)?
What is the coupon rate (in percent)?
What is the face value?
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A. What is the maturity of the bond (in years)? B. What is the coupon rate (in percent)?
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