Problemosbourne corporation has bonds on the market with, Ask an Expert

Accounting

Problem:

Osbourne Corporation has bonds on the market with 17.0 years to maturity, a YTM of 10.7 percent, and a current price of $941. The bonds make semiannual payments.

Required:

Question: What must the coupon rate be on the bonds?

Note: Please show basic calculation

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169503

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