Home » Business & Finance » Homework Help Classof1 » Determination of Coupon Rate of a Bond

July 16 , 2008

Determination of Coupon Rate of a Bond


You have paid $1,063.65 for a bond with 9 years remaining to maturity. Interest on the bond is paid semiannually. If the current rate of return for similar investments is a nominal 8%, what is this bond’s coupon rate? Round your answer to two decimal places.

Download fb2

Read also

Financial Consolidation Accounting

Crane Mechanics acquired 75 percent of Downey Enterprises on March 31, 2005, for $3,645,000. Downey’s book value at that date totaled $4,000,000. Appraisal values were greater than book values for identifiable assets in the following amounts: Inventory ($300,000) and Plant and Equipment ($700,000). The purchase differential for Inventory is to be…

How to download book

Buy this book

You can buy this book now only for $5.99. This is the lowest price for this book.

Buy book

Download book free

If you want to download this book for free, please register, approve your account and get one book for free.


After that you may download book «Determination of Coupon Rate of a Bond»:

Download FB2:


Download MobiPocket:


Download MS Word: