A coupon bond that pays interest of $100 annually has a par value of $1,000, matures in five years, and is selling today
Posted: Sun Jul 03, 2022 6:44 am
A coupon bond that pays interest of $100 annually has a par value of $1,000, matures in five years, and is selling today at a $72 discount from par value. The yield to maturity on this bond is