Page Enterprises has bonds on the market making annual payments, with eleven years to maturity, and selling
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Page Enterprises has bonds on the market making annual payments, with eleven years to maturity, and selling for $970. At this price, the bonds yield 7.00 percent. What must the coupon rate be on the bonds?
Related Book For
Fundamentals of corporate finance
ISBN: 978-0078034633
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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