Dma corporation has bonds on the market with 115 years to, Ask an Expert

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DMA Corporation has bonds on the market with 11.5 years to maturity, a YTM of 7.2 percent, and a current price of $1,054. The bonds make semi annual payments and have a par value of $1,000.

What must the coupon rate be on these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Coupon rate %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91608876

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