Question
I need help with the question below. I got 0.1583 but it was wrong so I dont know what I did Henley Corporation has bonds
I need help with the question below. I got 0.1583 but it was wrong so I dont know what I did
Henley Corporation has bonds on the market with 15 years to maturity, a YTM of 10.3 percent, a par value of $1,000, and a current price of $954. The bonds make semiannual payments.
What must the coupon rate be on the bonds?
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
