Question
Ponzi Corporation has bonds on the market with 14.5 years to maturity, a YTM of 7.81 percent, and a current price of $972.23. The bonds
Ponzi Corporation has bonds on the market with 14.5 years to maturity, a YTM of 7.81 percent, and a current price of $972.23. The bonds make semiannual payments. What must the coupon rate be on these bonds?
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Fundamentals Of Corporate Finance
Authors: Berk, Peter DeMarzo, Jarrad Harford
3rd Global Edition
1292018402, 9781292018409
