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Business & Finance
Tutor: None Selected Time limit: 1 Day

IBM Inc. bonds are trading today for $1472.45. The bond currently has 19 years until maturity and has a yield of maturity of 2.38%. The bond pays annual coupons and the next coupon is due in 1 year. What is the coupon rate of the bond?

Jul 7th, 2015

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

12.75%.........................................................................

Please let me know if you need any clarification. I'm always happy to answer your questions.Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 7th, 2015

How did you get this answer steps?

Jul 7th, 2015

i watched how to handle it via a video....

Jul 7th, 2015

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