Question
Volbeat Corporation has bonds on the market with 15 years to maturity, a YTM of 10.3 percent, and a current price of $954. The bonds
Volbeat Corporation has bonds on the market with 15 years to maturity, a YTM of 10.3 percent, and a current price of $954. The bonds make semiannual payments.
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).)
| Coupon rate | % |
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th International Edition
1259094901, 9781259094903
