Question
Kaiser Industries has bonds on the market making semi annual payments, with 14 years to maturity, a par value of $1,000, and a current price
Kaiser Industries has bonds on the market making semi annual payments, with 14 years to maturity, a par value of $1,000, and a current price of $1,108.60. At this price, the bonds yield 7.5 percent. What is the coupon rate?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
