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A $100 Bond with Semi-Annual Coupons,redeemable at 105 in 8

Question 54

Multiple Choice

A $100 bond with semi-annual coupons,redeemable at 105 in 8 years,can be purchased at a discount of $18.19 to yield j2 = 12%.What is the bond coupon rate,j2?


A) 8.0%
B) 9.0%
C) 15.2%
D) 16.2%

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