Question
Kiss the Sky Enterprises has bonds on the market making annual payments, with 13 years to maturity, and selling for $820. At this price, the
Kiss the Sky Enterprises has bonds on the market making annual payments, with 13 years to maturity, and selling for $820. At this price, the bonds yield 11.0 percent. What must the coupon rate be on the bonds?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
5th Edition
0072339160, 978-0072339161
