Calculating semiannual Coupon payment amount – Ch 6 A bond h…
Calculating semiannual Coupon payment amount – Ch 6 A bond has a par value of $1,000, a current yield of `a` percent, and semiannual coupon payments. The bond is quoted at `b`. What is the SEMIANNUAL coupon payment? Hint: The current yield of a bond is calculated by dividing the annual coupon payment by the bond’s current market value.
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