Ashes Divide Corporation has bonds on the market with 14 5 years to maturity, a YTM of 6 8 percent, and a current price of $924 The bonds make semiannual payments The coupon rate on these bonds must be percent (Do not include the percent sign ( ) Round your answer to 2 decimal places (e g , 32 16))...

Computation of the coupon Rate Given information The coupon rate would ...

Ashes Divide Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.8

Question:

Ashes Divide has bonds on the market with 14.5 years to maturity, a YTM of 6.8 percent, and a current price of $924. The bonds make semiannual payments. The rate on these bonds must be _____ percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...