Question
Firm A issued $1,000 par 10-year bonds. The bonds sold for $907.20 and pay interest semi-annually. Investors require a rate of 8.5% on the bonds.
Firm A issued $1,000 par 10-year bonds. The bonds sold for $907.20 and pay interest semi-annually. Investors require a rate of 8.5% on the bonds. What is the bonds' coupon rate?
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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Noah D. Glick, Marci S. Thomas
5th Edition
1119553849, 9781119553847
