Question
Gabriele Enterprises has bonds on the market making annual payments, with 19 years to maturity, a par value of $1,000, and selling for $890. At
| Gabriele Enterprises has bonds on the market making annual payments, with 19 years to maturity, a par value of $1,000, and selling for $890. At this price, the bonds yield 10 percent. What must the coupon rate be on the bonds? |
Multiple Choice
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17.37%
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8.78%
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8.68%
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9.76%
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10.00%
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
9th edition
78034698, 978-0077502287, 77502280, 978-0078034695
