Question
Chamberian Berhad wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 7 percent coupon bonds on the market that
Chamberian Berhad wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 7 percent coupon bonds on the market that sell for RM1,083, make semi-annual payments, and mature in 20 years. What coupon rate should the company set on its new bonds if it wants them to sell at par?
| Settlement Date | 1/1/2000 |
| Maturity Date | 1/1/2020 |
| Annual Coupon rate | ? |
| Coupon per year | ? |
| Redemption value (% of par) | ? |
| Bond price (% of par) | 1,083 |
| Yield to maturity ? |
how to do in excel and show the formula
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
