Problema 30-year treasury bond is issued with face value of, Ask an Expert

Accounting

Problem:

A 30-year Treasury bond is issued with face value of $1,000, paying interest of $70 per year. If market yields increase shortly after the T-bond is issued,

Required:

Question: What is the bond's coupon rate?

Note: Explain all steps comprehensively.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170411

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