Question
Ghost Rider Corporation has bonds on the market with 9 years to maturity, a YTM of 8.6 percent, and a current price of $947. What
Ghost Rider Corporation has bonds on the market with 9 years to maturity, a YTM of 8.6 percent, and a current price of $947. What must the coupon rate be on the companys bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Alan R. Millikan, Noah D. Glick
2nd Edition
063123098X, 9780631230984
