Moussawi ltds outstanding bonds have a 1000 par value what


Moussawi Ltd's outstanding bonds have a $1,000 par value, and they mature in 4 years. Their yield to maturity is 9%, based on semiannual compounding, and the current market price is $833.47. What is the bond's annual coupon interest rate?

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Financial Management: Moussawi ltds outstanding bonds have a 1000 par value what
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