Hollin Corporation has bonds on the market with 17.5 years to maturity, a YTM of 7.8 percent, and a current price of $1,066. The bonds
Hollin Corporation has bonds on the market with 17.5 years to maturity, a YTM of 7.8 percent, and a current price of $1,066. The bonds make semiannual payments.
| What must the coupon rate be on these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)
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Authors: David Hartzell, Andrew E. Baum
2nd Edition
1119526094, 978-1119526094
