Question
Volbeat Corporation has bonds on the market with 15.5 years to maturity, a YTM of 10.4 percent, and a current price of $944. The bonds
| Volbeat Corporation has bonds on the market with 15.5 years to maturity, a YTM of 10.4 percent, and a current price of $944. 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).) |
| Coupon rate | % |
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AI In The Financial Markets
Authors: Federico Cecconi
1st Edition
3031265173, 978-3031265174
