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Tanger Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 10 years. The annual yiels to maturity is 8%. However coupon is
Tanger Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 10 years. The annual yiels to maturity is 8%. However coupon is paid semiannually and they sell at a price of $879.05. What is the bond's annual coupon interest rate?
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The Handbook For Investment Committee Members
Authors: Russell L. Olson
1st Edition
0471719781, 978-0471719786
