The current price of a 10-year 1000 par value bond is


The current price of a 10-year, $1,000 par value bond is $1,158.91. Interest on this bond is paid every six months, and the simple annual yield is 14 percent. Given these facts, what is the annual coupon rate on this bond?

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Finance Basics: The current price of a 10-year 1000 par value bond is
Reference No:- TGS0792289

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