Question
Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $1,092.67. At this price, the bonds yield
Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $1,092.67. At this price, the bonds yield 7.34 percent. What must the coupon rate be on the bonds?
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American Public School Finance
Authors: William Owings, Leslie Kaplan
2nd Edition
1111838046, 978-1111838041
