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

Accounting

Problem:

Page Enterprises has bonds on the market making annual payments, with seven years to maturity, and selling for $950. At this price, the bonds yield 6.00 percent.

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.:- M91172994

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