The market price of a 10-year 1000 bond is 115891 interest


The market price of a 10-year, $1,000 bond is $1,158.91. Interest on this bond is paid semi annually and the YTM is 14%. What is the bond’s annual coupon rate? (Round your answer to the nearest percent.)

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Financial Management: The market price of a 10-year 1000 bond is 115891 interest
Reference No:- TGS01174227

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