Question
Hollin Corporation has bonds on the market with 22.5 years to maturity, a YTM of 6.9 percent, and a current price of $1,057. The bonds
| Hollin Corporation has bonds on the market with 22.5 years to maturity, a YTM of 6.9 percent, and a current price of $1,057. 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).) |
| Coupon rate | % |
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Finance And Strategy
Authors: Belen Villalonga
1st Edition
1783504935, 978-1783504930
