Question
General Matters outstanding bond issue has a coupon rate of 11.2%, and it sells at a yield to maturity of 9.00%. The firm wishes to
General Matters outstanding bond issue has a coupon rate of 11.2%, and it sells at a yield to maturity of 9.00%. The firm wishes to issue additional bonds to the public at face value. What coupon rate must the new bonds offer in order to sell at face value?
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Cases in Finance
Authors: Jim DeMello
3rd edition
1259330476, 1259330478, 9781259352652 , 978-1259330476
