Question
Soutil Companys annual bonds mature in 8 years, have a par value of $1,000, and currently sell for $923.02. The market requires an interest rate
Soutil Companys annual bonds mature in 8 years, have a par value of $1,000, and currently sell for $923.02. The market requires an interest rate of 8.2% on these bonds. What is the bonds coupon rate?
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Management Of Islamic Finance
Authors: M. Kabir Hassan, Mamunur Rashid
1st Edition
1787564045, 978-1787564046
