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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 7.30%,
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 7.30%, and the yield to maturity is 8.80. a. What is the value of the semi-annual coupon on the bond? (Enter your answer in millions and round to two decimal places.) Coupon million b. What is the price of the bond? (Enter your answer in millions and round to two decimal places.) Bond price million
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