Question
DMA Corporation has bonds on the market with 22.5 years to maturity, a YTM of 6.9 percent, and a current price of $1,057. The bonds
DMA Corporation has bonds on the market with 22.5 years to maturity, a YTM of 6.9 percent, and a current price of $1,057. The bonds make semiannual payments and have a par value of $1,000. What must the coupon rate be on these bonds?
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Financial Analysts Indispensable Pocket Guide
Authors: Ram Ramesh
1st Edition
0071361561, 978-0071361569
