Nikita Enterprises has bonds on the market making annual payments, with eight years to maturity, a par
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Nikita Enterprises has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and selling for $962. At this price, the bonds yield 5.1 percent. What must the coupon rate be on the bonds?
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PV A 1 1rn r where pv 962 A r 51 0051 n 8years 962 ...View the full answer
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Benjamin Mutunga
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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