Question
Please list all work, preferably using Excel's RATE, PV, and FV functions as needed. OConnor Ltd.'s outstanding bonds have a $1,000 par value, and they
Please list all work, preferably using Excel's RATE, PV, and FV functions as needed.
OConnor Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 30 years.Their nominal annual yield to maturity is 7%, they pay interest semiannually, and they sell at a price of $900.25.What is the bond's nominal coupon rate?
a.3.10%
b.3.75%
c.4.45%
d.5.60%
e.6.20%
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
