Question
The Johnson Companys currently has an outstanding $1000 Par Value bond with 25 years until it matures, is selling for $1149.45, and has a yield-to-maturity
The Johnson Companys currently has an outstanding $1000 Par Value bond with 25 years until it matures, is selling for $1149.45, and has a yield-to-maturity equal to 8.0%. Assuming interest is paid annually, what is the coupon rate?
| 7.6% | ||
| 6.5% | ||
| 8.0% | ||
| 9.4% |
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Research Methods In Accounting
Authors: Malcolm Smith
6th Edition
1529779774, 978-1529779776
