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Business, 10.12.2019 05:31 haydonmetzger

A$17,000 par value, fixed coupon bond with 7 years left until maturity and a coupon that is paid semi-annually is currently trading at an annual yield of 8.481% (that is, the bond’s current yield to maturity is 8.481%).

if the price of the bond is $16,575.00, then the coupon rate is %.

a. 6.00

b. 7.00

c. 8.00

d. 9.00

e. 10.00

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