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Q21 Jensen Corporations' bonds were issued two years ago and have 8 more years till maturity. The bonds were issued at $1,000 par, but the
Q21
- Jensen Corporations' bonds were issued two years ago and have 8 more years till maturity. The bonds were issued at $1,000 par, but the latest market price has fallen to $975 and the bonds have a yield to maturity of 11.5%. Based on this information, what coupon rate is attached to the bond?
a.15%
b.13%
c.11%
d.14%
e.12%
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The Company Valuation Playbook Invest With Confidence
Authors: Charles Sunnucks
1st Edition
1838470816, 978-1838470814
