Multiple Choice
Delta bonds are priced at $989.64,have a yield to maturity of 7.18 percent,pay semiannual payments,have a face value of $1,000,and have 6.5 years to maturity.What is the coupon rate?
A) 6.98%
B) 7.15%
C) 7.23%
D) 7.06%
E) 7.20%
Correct Answer:
Verified
Correct Answer:
Verified
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