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BML Ltd. has an existing bond that trades on the secondary market. This bond has 11.5 years left to maturity, makes semiannual coupon payments, trades
BML Ltd. has an existing bond that trades on the secondary market. This bond has 11.5 years left to maturity, makes semiannual coupon payments, trades at a YTM of 10.25%, and has a current market price of R1098 (per R1000 face value). What must the coupon rate be for this bond
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To calculate the required coupon rate for the bond we need to use the bond pricing formul...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
