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Manual calculation, no excel DEF Ltd's bonds are selling today at a $41.80 discount based on a face value of $1,000. They have a 4.40%
Manual calculation, no excel
DEF Ltd's bonds are selling today at a $41.80 discount based on a face value of $1,000. They have a 4.40% coupon rate, pay semi-annual coupons and will mature in 6 years. If DEF were to issue similar bonds today, what will be its coupon rate if they are sold at par and mature in 6 years?
a.2.61%
b.4.40%
c.5.22%
d.6.22%
e.6.26%
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