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#4. General Matters outstanding bond issue has a coupon rate of 10.2%, and it sells at a yield to maturity of 8.45%. The firm wishes
| #4. General Matters outstanding bond issue has a coupon rate of 10.2%, and it sells at a yield to maturity of 8.45%. The firm wishes to issue additional bonds to the public at face value. What coupon rate must the new bonds offer in order to sell at face value? (Round your answer to 2 decimal places.) | |||||||
| What is the Coupon Rate | |||||||
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Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
6th Edition
0321113624, 978-0321113627
