Question
Large Industries bonds sell for $1,107.80. The bond life is 12 years, and the yield to maturity is 6.2%. What must be the coupon rate
Large Industries bonds sell for $1,107.80. The bond life is 12 years, and the yield to maturity is 6.2%. What must be the coupon rate on the bonds? Assume coupons are paid once a year and the face value is $1,000.
Coupon rate%?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
