Question
Kiss the Sky Enterprises has bonds on the market making annual payments, with 10 years to maturity, and selling for $930. At this price, the
| Kiss the Sky Enterprises has bonds on the market making annual payments, with 10 years to maturity, and selling for $930. At this price, the bonds yield 9.7 percent. What must the coupon rate be on the bonds? |
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
