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

Accounting

Problem:

Rhiannon Corporation has bonds on the market with 13.5 years to maturity, a YTM of 7.6 percent, and a current price of $1,175. The bonds make semiannual payments.

Required:

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168217

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