Question
Huntsville Heating and Supply have outstanding bonds with the following characteristics: $1,000 par value Mature in 25 years Yield to maturity of 9.25% Pay semiannual
Huntsville Heating and Supply have outstanding bonds with the following characteristics:
$1,000 par value
Mature in 25 years
Yield to maturity of 9.25%
Pay semiannual coupons
Currently prices at $1,075
What are the bond's annual coupon rate?
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
