Question
Volbeat Corporation has bonds on the market with 14.5 years to maturity, a YTM of 10.2 percent, and a current price of $953. The bonds
| Volbeat Corporation has bonds on the market with 14.5 years to maturity, a YTM of 10.2 percent, and a current price of $953. The bonds make semiannual payments. |
| Required: |
| What must the coupon rate be on the bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) I need help with how to figure this out in excel. |
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Inefficient Markets An Introduction To Behavioral Finance
Authors: Andrei Shleifer
1st Edition
0198292279, 978-0198292272
