Rhiannon Corporation has bonds on the market with 15.5 years to maturity, a YTM of 6.20 percent,

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Rhiannon Corporation has bonds on the market with 15.5 years to maturity, a YTM of 6.20 percent, and a current price of $1,039. The bonds make semiannual payments.

What must the coupon rate be on these bonds? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Coupon rate

Posted Date: Jun 07, 2024 07:19 PM

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Rhiannon Corporation has bonds on the market with 15.5 years to maturity, a YTM of 6.20 percent,

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