Exam (elaborations)
FIN 3403 Exam 2 Test Bank | 100% Correct Answers | Verified | Latest 2024 Version
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Mary just purchased a bond which pays $60 a year in interest. What is this $60 called? - coupon Bert owns a bond that will pay him $75 each year in interest plus a $1,000 principal payment at maturity. What is the $1,000 called? - face value A bonds coupon rate is equal to the annual interest di...
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