Question
Kiss the Sky Enterprises has bonds on the market making annual payments, with 17 years to maturity, and selling for $960. At this price, the
Kiss the Sky Enterprises has bonds on the market making annual payments, with 17 years to maturity, and selling for $960. At this price, the bonds yield 10.0 percent. What must the coupon rate be on the bonds?
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Financial Management For Nonprofit Human Service Organizations
Authors: Raymond Sanchez Mayers
2nd Edition
0398075131, 9780398075132
