Question
ABC Corp has bonds on the market with 7.5 years to maturity, a YTM of 8 percent, and a current price of $1,030. The face
ABC Corp has bonds on the market with 7.5 years to maturity, a YTM of 8 percent, and a current price of $1,030. The face value is $1,000.The bonds make semi-annual (every six months) payments.What must be the dollar coupon amount every six-months for an ABC bond?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
