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XYZ Corporations' bonds were issued two years ago and have 8 more years till maturity. The bonds were issued at $1,000 Par, but the
XYZ Corporations' bonds were issued two years ago and have 8 more years till maturity. The bonds were issued at $1,000 Par, but the latest market price has fallen to $856.04 and the bonds have a yield to maturity of 13%. Based on this information, what coupon rate is attached to the bond? Show work. (hint: PMT)
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Heres how to calculate the coupon rate interest rate for the XYZ Corporations bond 1 Gather the info...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
