Question
Ashes Divide Corporation has bonds on the market with 16 years to maturity, a YTM of 7.6 percent, and a current price of $1,216.50. The
Ashes Divide Corporation has bonds on the market with 16 years to maturity, a YTM of 7.6 percent, and a current price of $1,216.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?(Do not round your intermediate calculations.)
having issues with this equation. can not remember the formula and how to do it
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Technical Analysis The Complete Resource for Financial Market Technicians
Authors: Charles D. Kirkpatrick, Julie R. Dahlquist
1st edition
134137043, 134137049, 978-0131531130
