Bonds issued by fairfax mechanical were priced at 106055, Ask an Expert

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Bonds issued by Fairfax Mechanical were priced at 1,060.55 dollars six months ago and are priced at 1,046.18 dollars today. The bonds have a face value of 1,000 dollars, pay semi-annual coupons, and just made a coupon payment. The bonds had a percentage return over the past six months (from 6 months ago to today) of 6.43 percent. What is the coupon rate of the bonds? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92300094

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