Ponzi corporation has bonds on the market with 145 years to, Ask an Expert

Finance

Ponzi Corporation has bonds on the market with 14.5 years to maturity, a YTM of 9.51 percent, and a current price of $870.08. The bonds make semiannual payments.

What must the coupon rate be on these bonds?

(Enter your answer as a percentage, omit the "%" sign in your response, and enter your answer with two decimal places. For example, 1.214% should be entered as 1.21.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92825393

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