Happy Valley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.1%,

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Happy Valley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.1%, and a current price of $1,038. The bonds make semiannual payments. What must the coupon rate be on these bonds?

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Fundamentals Of Corporate Finance

ISBN: 9781259654756

10th Canadian Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan, Gordon Roberts, J. Ari Pandes, Thomas Holloway

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Question Posted: Nov 16, 2022 01:55 AM

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Happy Valley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.1%,

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Here we need to find the coupon rate of the bond All we need to do is to set up the bond ...View the full answer

Fundamentals Of Corporate Finance

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