Question
Kiss the Sky Enterprises has bonds on the market making annual payments, with 15 years to maturity, and selling for $800. At this price, the
Kiss the Sky Enterprises has bonds on the market making annual payments, with 15 years to maturity, and selling for $800. At this price, the bonds yield 6.2 percent. What must the coupon rate be on the bonds?
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Regulation Of Securities Markets And Transactions
Authors: Patrick S. Collins
1st Edition
0470601965, 978-0470601969
