The chemical formula for iron(ii) hydroxide is Fe(OH)₂
The bond's coupon rate with an annual coupon that has a price of $903.35 and the yield to maturity will be 3.33%.
<h3>How to calculate the coupon rate?</h3>
It should be noted that the formula for calculating the coupon rate is given as:
= Annual coupon / Face value
From the complete question, the annual coupon is $33.30 and the face value is $1000. Therefore, the coupon rate will be:
= Annual coupon / Face value
= 33.30/1000
= 3.33%
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Answer:
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Explanation:
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