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Ponzi Corporation has bonds on the market with 15.5 years to maturity, a YTM of 7.60 percent, and a current price of $1,063. The bonds
| Ponzi Corporation has bonds on the market with 15.5 years to maturity, a YTM of 7.60 percent, and a current price of $1,063. The bonds make semiannual payments. |
| What must the coupon rate be on these bonds? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| Coupon rate | % |
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
