Question
XYZ Co. wants to issue new 25 year bonds for blah. The co. currently has a 4.9%coupon bonds on the market that sell for 1123,
XYZ Co. wants to issue new 25 year bonds for blah. The co. currently has a 4.9%coupon bonds on the market that sell for 1123, make semiannual payments have 1000$ par value. They mature in 19 years. What is coupon rate?
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
