Volbeat corporation has bonds on the market with 115 years, Ask an Expert

Finance

Volbeat Corporation has bonds on the market with 11.5 years to maturity, a YTM of 9.6 percent, a par value of $1,000, and a current price of $947. The bonds make semiannual payments.

What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Coupon rate %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92068664

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