Question
Ghost Rider Corporation has bonds on the market with 13 years to maturity, a YTM of 6.3 percent, and a current price of $930. What
Ghost Rider Corporation has bonds on the market with 13 years to maturity, a YTM of 6.3 percent, and a current price of $930. What must the percentage coupon rate be on the companys bonds? Note: Corporate bonds pay semi-annual coupons. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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Personal Finance A Practical Approach
Authors: Jane King, Mary Carey
1st Edition
0199668833, 9780199668830
