Question
4. EMC has bonds on the market making semi annual payments, with 10 years to maturity, a par value of $1,000, and a current price
4. EMC has bonds on the market making semi annual payments, with 10 years to maturity, a par value of $1,000, and a current price of $900. . At this price, the bonds yield 12 percent. What is the coupon rate?
A) 11.66%
B) 5.12%
C)10.26%
D) 11.26%
E) 12?%
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Financial Management Theory And Practice
Authors: Eugene F Brigham, Michael C Ehrhardt
11th Edition
0324259689, 9780324259681
