A $10,000 bond is redeemable at par in 5 years.When the yield rate is j₂= 12%,the purchase price is $8527.98.What is the coupon rate,j₂?

Name: A $10,000 bond is redeemable at par in 5 years.When the yield rate is j 2 = 12%,the purchase price is $8527.98.What is the coupon rate,j 2 ?
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

The Answer of A $10,000 bond is redeemable at par in 5 years.When the yield rate is j₂= 12%,the purchase price is $8527.98.What is the coupon rate,j₂?

A $10,000 Bond Is Redeemable at Par in 5 Years