Question
Field Industries' outstanding bonds have a 25-year maturity and $1,000 par value. Their nominal yield to maturity is 8.25%, they pay interest annually, and they
Field Industries' outstanding bonds have a 25-year maturity and $1,000 par value. Their nominal yield to maturity is 8.25%, they pay interest annually, and they sell at a price of $950. What is the bond's nominal (annual) coupon interest rate?
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Corporate Finance For Dummies
Authors: Michael Taillard
2nd Edition
1119850312, 978-1119850311
