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Business, 23.08.2020 14:01 clay373

Treasury bonds paying an 8% coupon rate with semiannual payments currently sell at par value. What coupon rate would they have to pay in order to sell at par if they paid their coupons annu- ally? (Hint: What is the effective annual yield on the bond?)

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Treasury bonds paying an 8% coupon rate with semiannual payments currently sell at par value. What c...
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