Question
AB Builders, Inc., has 11-year bonds outstanding with a par value of $2,000 and a quoted price of 93.852. The bonds pay interest semiannually and
AB Builders, Inc., has 11-year bonds outstanding with a par value of $2,000 and a quoted price of 93.852. The bonds pay interest semiannually and have a yield to maturity of 6.41 percent. What is the coupon rate?
Please show exactly how to solve using financial calculator
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Energy Finance And Economics Analysis And Valuation Risk Management And The Future Of Energy
Authors: Betty Simkins, Russell Simkins
1st Edition
1118017129, 978-1118017128
