Business, 26.02.2020 04:20 st23pgardner
Shannon purchases a bond for $952.00. The bond matures in 3 years, and Shannon will redeem it at its face value of $1,000. Coupon payments are paid annually. If Shannon will earn a yield of 12%/year compounded yearly, what is the bond coupon rate?
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Shannon purchases a bond for $952.00. The bond matures in 3 years, and Shannon will redeem it at its...
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