Question

5. A bond is sold at S923.14 (at a discount from its face value of 1,000). The bond has 15 years to maturity and the investors require a 10 percent yield on the bond. What is the coupon rate for the bond if the coupon is paid annually?

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2-3 To CTササーでのケー 3747-6.7 冫. s ferm

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