Question
Riverhawk Corporation has a bond outstanding with a market price of $1,200.00. The bond has 10 years to maturity, pays interest semiannually, and has a
Riverhawk Corporation has a bond outstanding with a market price of $1,200.00. The bond has 10 years to maturity, pays interest semiannually, and has a yield to maturity of 9%. What is the bonds coupon rate?
| A. | 12.84% | |
| B. | 12.08% | |
| C. | 13.61% | |
| D. | 11.31% | |
| E. | 9.77% | |
| F. | 10.54% |
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Introductory Econometrics For Finance
Authors: Chris Brooks
2nd Edition
052169468X, 9780521694681
