Question
Field Industries' outstanding bonds have a 30-year maturity and $1,000 par value. Their nominal yield to maturity is 8.25%, they pay interest semiannually, and they
Field Industries' outstanding bonds have a 30-year maturity and $1,000 par value. Their nominal yield to maturity is 8.25%, they pay interest semiannually, and they sell at a price of $950. What is the bond's nominal (annual) coupon interest rate?
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Inside Private Equity
Authors: James M. Kocis, James C. Bachman IV, Austin M. Long III, Craig J. Nickels
1st Edition
0470421894, 978-0470421895
