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The price of the coupon paying bond is $977. The firm has estimated that its cost of debt is 7%. The bond has a maturity

The price of the coupon paying bond is $977. The firm has estimated that its cost of debt is 7%. The bond has a maturity of 20 years and paid semi-annually. What is the annual coupon rate of this FCB?
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The price of the coupon paying bond is $977. The firm has estimated that its cost of debt is 7%. The bond has a maturity of 20 years and paid semi-annually. What is the annual coupon rate of this FCB

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