Question
Ashes Divide Corporation has bonds on the market with 19 years to maturity, a YTM of 11.0 percent, and a current price of $1,166.50. The
Ashes Divide Corporation has bonds on the market with 19 years to maturity, a YTM of 11.0 percent, and a current price of $1,166.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.11.24% 26.25% 13.11% 13.21% 22.50%)
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
