Pace University has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and selling for $948. At this price, the bonds yield 5.9 percent. What must the coupon rate be on the bonds?
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Pace University has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and selling for $948. At this price, the bonds yield 5.9 percent. What must the coupon rate be on the bonds?
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- Page Enterprise has bonds on the market making annual payments, with 9 years to maturity, and selling for $948. At this price, the bonds yield 5.9 percent. What must the coupon rate be on the bonds?Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $1,092.99. At this price, the bonds yield 5.16 percent. What must the coupon rate be on the bonds?Nikita Enterprises has bonds on the market making annual payments, with 16 years to maturity, a par value of $1, 000, and selling for $962. At this price, the bonds yield 8.5 percent. What must the coupon rate be on the bonds?
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- The Photo Film Company’s bonds have fouryears remaining to maturity. Interest is paid annually,the bonds have a $1,000 par value, and the couponinterest rate is 8.75%.(a) What is the yield to maturity at a current marketprice of $1,108?(b) Would you pay $935 for one of these bonds ifyou thought that the market rate of interest was9.5%?Goldstream Enterprises has bonds on the market making annual payments, with nine years to maturity, and selling for $948. At this price, the bonds yield 5.9%. What must the coupon rate be on the bonds? (Do not round Intermediate calculations. Round the final answer to 2 decimal places.) Coupon rateNikita Enterprises has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and selling for $988. At this price, the bonds yield 7.9 percent. 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 =