Problempage enterprises has bonds on the market making, Ask an Expert

Finance

Problem:

Page Enterprises has bonds on the market making annual payments, with nine years to maturity, and selling for $966. At this price, the bonds yield 6.80 percent.

Required:

What must the coupon rate be on the bonds?

Note: Please show how to work it out.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148132

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