King Ltd issues a 5-year bond with a face value of $1000 that pays a 7% coupon, paid semi-annually. Investors require a

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answerhappygod
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King Ltd issues a 5-year bond with a face value of $1000 that pays a 7% coupon, paid semi-annually. Investors require a

Post by answerhappygod »

King Ltd issues a 5-year bond with a face value of $1000 that
pays a 7% coupon, paid semi-annually. Investors require a 7.5%
return. What is the coupon payment (C) of the bond?
$35
$37.50
$70
$75
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