Shannon purchases a bound for 95200 the bond matures in 3, Financial Management

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Shannon purchases a bound for 95200 the bond matures in 3

Shannon purchases a bound for $952.00. The bond matures in 3 years, and Shannon will redeem it at its face value of $1.000. Coupon payments are paid annually.

If Shannon will earn a yield of 12% year compounded yearly, what is the coupon rate on the investment?

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Financial Management: Shannon purchases a bound for 95200 the bond matures in 3

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Financial Management: Shannon purchases a bound for 95200 the bond matures in 3

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