The present value of the coupon stream represents of the


Bond Prices A $1,000 par bond that pays interest semiannually has a quoted coupon rate of 4%, a promised yield to maturity of 4.9% and exactly 10 years to maturity. The present value of the coupon stream represents ______ of the total bond's value.

a) 34.8%

b) 32.6%

c) 33.7%

d) 36.1%

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Financial Management: The present value of the coupon stream represents of the
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