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QUESTION
XYZ Corp bonds have a $1,000 par value, and they mature in 5 years. Their yield to maturity is 10%, based on semiannual compounding. If the current...
XYZ Corp bonds have a $1,000 par value, and they mature in 5 years. Their yield to maturity is 10%, based on semiannual compounding. If the current market price is $853.61, what is the bond's annual coupon interest rate?
a) 5.3%
b) 5.8%
c) 6.0%
d) 6.2%
e) 6.4%
