Question
Kiss the Sky Enterprises has bonds on the market making annual payments, with 9 years to maturity, and selling for $840. At this price, the
| Kiss the Sky Enterprises has bonds on the market making annual payments, with 9 years to maturity, and selling for $840. At this price, the bonds yield 7.7 percent. What must the coupon rate be on the bonds? |
please explain answer..
| 5.17% | |
| 6.16% | |
| 5.27% | |
| 7.70% | |
| 10.34% |
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The 30 Minute Stock Trader
Authors: Laurens Bensdorp
1st Edition
1619615738, 978-1619615731
