Suppose today you buy a 12 percent annual coupon bond with


Suppose today you buy a 12 percent annual coupon bond with a par value of $1000 and a market price of $1000. The bond has 13 years maturity. What is the coupon rate? what is the yield to maturity at the time of the purchase?

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Finance Basics: Suppose today you buy a 12 percent annual coupon bond with
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