Suppose that the YTM of the 1-year, 2-year, and 3-year zero coupon bonds are 2%, 3% and 4%, respectively. A 3-year coupo
Posted: Sun Apr 17, 2022 6:18 pm
Suppose that the YTM of the 1-year, 2-year, and 3-year zero coupon bonds are 2%, 3% and 4%, respectively. A 3-year coupon bond with face value of 100 is trading at $110. what is the annual coupon payment of the bond in dollars? Use two decimal places. (Use Goal Seek if needed)