A 1000$ Par Value Bond Has A Current Price Of 910.12$ And A Maturity Value Of 1000$ And Matures In 7 Years. If Interest Is Paid Semiannually And The Bond Is Priced To Yield 7%, What Is The Bond's Annual Coupon Rate?
A 1000$ par value bond has a current price of 910.12$ and a maturity value of 1000$ and matures in 7 years. if interest is paid semiannually and the bond is priced to yield 7%, what is the bond's annual coupon rate?