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Coupon Rate on the Bond Assignment | Homework For You

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May 25th, 2020

A bond is currently trading at a price of $1,063. Its “current yield” (not YTM) is 5.4%. The coupon rate on this bond must be _______%. Do not round any intermediate work. Round your *final* answer to 2 decimal places (example: .1234567 = 12.35). Do not enter the % sign. Margin of error for correct responses: +/- .03%. NOTE: You should refer to the definition of “current yield” from your class notes. The definition in your textbook should be ignored, as it might cause confusion.Get Finance homework help todayHomework For You

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