Question
A Japan-based company, Sumo Gyms, Inc., issues a 35-year, semi-annual coupon bond, with a 300 million par value. The coupon rate is given as 6.20%,
A Japan-based company, Sumo Gyms, Inc., issues a 35-year, semi-annual coupon bond, with a 300 million par value. The coupon rate is given as 6.20%, and the yield to maturity is 7.15.
a. What is the value of the semi-annual coupon on the bond?
b. What is the price of the bond?
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Principles Of Managerial Finance
Authors: Lawrence J Gitman, Chad J Zutter
7th Edition
0133546403, 9780133546408
