question 1 Roots Ltd has bonds on the market with 17.5 years to maturity, a Yield to Maturity (YTM) of 8 per cent, and a
question 1
Roots Ltd has bonds on the market with 17.5 years to maturity, a Yield to Maturity (YTM) of 8 per cent, and a current price of 924. The bonds make semi-annual payments. The par value of the bond is 1,000. What must the coupon rate be on these bonds?
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Authors: George H. Pink, Paula H. Song
7th Edition
1640553177, 978-1640553170
