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

Finance

Problem:

Rhiannon Corporation has bonds on the market with 19.5 years to maturity, a YTM of 8.00 percent, and a current price of $1,069. 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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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149138

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