Volbeat corporation has bonds on the market with 175 years, Ask an Expert

Finance

Volbeat Corporation has bonds on the market with 17.5 years to maturity, a YTM of 10.8 percent, and a current price of $940. The bonds make semiannual payments.

Required:

What must the coupon rate be on the bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Coupon rate %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92389459

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