Large Industries bonds sell for $1,065 95 The bond life is 9 years, and the yield to maturity is 7 What must be the coupon rate on the bonds Coupons are paid semi annually ...

Assume that the yield to maturity is a stated rate Thus the perper ...

Large Industries bonds sell for $1,065.95. The bond life is 9 years, and the yield to maturity

Question:

Large Industries bonds sell for $1,065.95. The bond life is 9 years, and the yield to is 7%. What must be the rate on the bonds? Coupons are paid semi-annually.
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... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...