Question
Volbeat Corporation has bonds on the market with 19.5 years to maturity, a YTM of 11.2 percent, and a current price of $936. The bonds
Volbeat Corporation has bonds on the market with 19.5 years to maturity, a YTM of 11.2 percent, and a current price of $936. 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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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
