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James would like to get into the bond business, is considering several different available options. He wants to get the
Posted: Thu May 05, 2022 8:40 am
by answerhappygod
- James Would Like To Get Into The Bond Business Is Considering Several Different Available Options He Wants To Get The 1 (35.57 KiB) Viewed 23 times
James would like to get into the bond business, is considering several different available options. He wants to get the best deal for himself, and has found several completely fictional bond dealers. D. Kelly is offering to sell a bond with a maturity of 13 years and a face value of $19,000.00 at a 21% discount. Assuming that this bond makes annual coupon payments, what would the coupon rate have to be for you to earn an annual return of 6.5% ? (answer in percent, rounded to two decimal places. For example, if your answer is 5.789% you should enter 5.79.) Type your answer...