Question
Kiss the Sky Enterprises has bonds on the market making annual payments, with 7 years to maturity, and selling for $910. At this price, the
Kiss the Sky Enterprises has bonds on the market making annual payments, with 7 years to maturity, and selling for $910. At this price, the bonds yield 6.9 percent. What must the coupon rate be on the bonds?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
