Question
Rhiannon Corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.70 percent, and a current price of $1,065. The bonds
| Rhiannon Corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.70 percent, and a current price of $1,065. 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 | % |
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
