Question
ARG Nanotechnology Corporation issued bonds 4 years ago with a 14-year maturity. The issue pays an annual coupon of $60 per annum. YTM is currently
ARG Nanotechnology Corporation issued bonds 4 years ago with a 14-year maturity. The issue pays an annual coupon of $60 per annum. YTM is currently 8.5% p.a. Bonds face value is $1,000. What is the annual coupon rate?
a.4.25%
b.6%
c.3%
d.8.5%
e.7%
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Cost Of Capital Applications And Examples
Authors: Shannon P. Pratt, Roger J. Grabowski, Richard A. Brealey
5th Edition
1118555805, 9781118555804
