If a bond carries a coupon of $60 and a par value of $1,000, then its coupon rate must be 6 percent.
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Q7: Bond prices in the U.S. are expressed
Q8: If you were interested in buying a
Q9: Dealers in securities quote a bid price
Q10: The spread between bid and asked prices
Q11: The interest rate charged on a loan
Q13: The coupon rate is a useful measure
Q14: XYZ corporation's common stock is selling today
Q15: The current yield reflects the terminal (selling
Q16: The yield to maturity on a security
Q17: The yield-to-maturity formula takes account of receipts
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