Question
Kiss the Sky Enterprises has bonds on the market making annual payments, with 15 years to maturity, and selling for $920. At this price, the
Kiss the Sky Enterprises has bonds on the market making annual payments, with 15 years to maturity, and selling for $920. At this price, the bonds yield 7.8 percent. What must the coupon rate be on the bonds?
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Authors: Mike Hartley ,Hannah Rosenstein
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