Question
O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years.Their nominal yield to maturity is 8.75%, they pay interest semiannually,
O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years.Their nominal yield to maturity is 8.75%, they pay interest semiannually, and they sell at a price of $900.What is the bond's nominal (annual) coupon interest rate?
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New Venture Creation A Framework For Entrepreneurial Start-ups
Authors: Paul Burns
2nd Edition
1352000504, 978-1352000504
