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How do come up the answer & approach this problem ? Unanswered Correct Answer Question 9 O / 1 pts Ashes Divide Corporation has bonds
How do come up the answer & approach this problem ?
Unanswered Correct Answer Question 9 O / 1 pts Ashes Divide Corporation has bonds on the market with 15 years to maturity, a YTM of 64 percent, and a current price of $1,286.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? 18.85% 9:03', 14.66% o 7013',
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