question archive You have just paid $1,135
You have just paid $1,135
Subject:FinancePrice:3.87 Bought9
You have just paid $1,135.90 for a bond, which has 10 years before it, matures. It pays interest every six months. If you require an 8 percent return from this bond, what is the coupon rate on this bond? Par value is $1000.
