Question
Volbeat Corporation has bonds on the market with 18.5 years to maturity, a YTM of 11 percent, a par value of $1,000, and a current
Volbeat Corporation has bonds on the market with 18.5 years to maturity, a YTM of 11 percent, a par value of $1,000, and a current price of $938. The bonds make semiannual payments. What must the coupon rate be on the bonds?
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Finance For IT Decision Makers
Authors: Michael Blackstaff
1st Edition
3540762329, 978-3540762324
