Homework question help

label Business & Finance
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Bonds are trading for a price of $849.11. The bond currently has 12 years until maturity and has a yield to maturity of 9.12%. The bond pays annual coupons and the next coupon is due in 1 year. What is the coupon rate of the bond? (Round 1 decimal place)

Jul 3rd, 2015

Thank you for the opportunity to help you with your question!

the rate is 4.5%

 thank you so much for selecting me....look forward to working with you again

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 3rd, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Jul 3rd, 2015
...
Jul 3rd, 2015
Jun 28th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer