A bond has a coupon rate of 4.6% and pays coupons semi-annually. The bond matures in 5 years and the yield to maturity on similar bonds is 2%. Is this a par, premium or discount bond? What is the price of the bond?
What is the coupon rate for the bond? Assume semi-annual payments. Answer as a percent!
Bond |
Coupon Rate |
Yield |
Price Quote |
t |
Apple B |
? |
3.7% |
99.09 |
21 |
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