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# Determination of Coupon Rate of a Bond

## Overview

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.

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…

Date release: April 10, 2013

Determination, Coupon, Rate, Bond, Homework, Help, Classof1, download, FB2, MobiPocket, MS Word

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