Problemrhianna corp has bonds on the market with 215 years, Ask an Expert

Accounting

Problem:

Rhianna Corp. has bonds on the market with 21.5 years to maturity, a Yield To Maturity of 6.80 percent, and a current price of $1,045. The bonds make semiannual payments.

Required:

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

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171460

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