Shannon corp is issuing bonds paying 87 per year but paid, Ask an Expert

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Shannon Corp. is issuing bonds paying $87 per year but paid semiannually that will mature 18 years from today. The bond is currently selling for $920 for a face of $1,000. Calculate a)Coupon rate b)Current Yield c)the yield to maturity d)the market price of the bond if the market rates for bonds of equal risk changed to 6%.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92089981

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