Question
Henley Corporation has bonds on the market with 15.5 years to maturity, a YTM of 10.4 percent, a par value of $1,000, and a current
| Henley Corporation has bonds on the market with 15.5 years to maturity, a YTM of 10.4 percent, a par value of $1,000, and a current price of $944. The bonds make semiannual payments. |
| What must the coupon rate be on the bonds? |
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Finance Your Business Secure Funding To Start Run And Grow Your Business
Authors: The Staff Of Entrepreneur Media
1st Edition
1599185970, 978-1599185972
