Question
Barely Heroes Corporation has bonds on the market with 14.5 years to maturity, an YTM of 9 percent, and a current price of $850. The
Barely Heroes Corporation has bonds on the market with 14.5 years to maturity, an YTM of 9 percent, and a current price of $850. The bonds make semiannual payments. What must the coupon rate be on Barely Heroes bonds?
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
