Chapter 6, Question #4

4 Henley Corporation has bonds on the market with 20 years to maturity, a YTM of 11.3 percent, a par value of $1,000, and a current price of $935. The bonds make semiannual payments. 1.11 What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) points 01:48:25 Coupon rate % Skipped