Question
Ashes Divide Corporation has bonds on the market with 12 years to maturity, a YTM of 11.0 percent, and a current price of $1,326.50. The
Ashes Divide Corporation has bonds on the market with 12 years to maturity, a YTM of 11.0 percent, and a current price of $1,326.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.)
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Financial Accounting
Authors: Walter B. Meigs, A. N. Mosich, Robert F. Meigs
2nd Edition
0070412901, 978-0070412903
