Peterson Amalgamated recently issued 4-year semiannual coupon bonds. These bonds sell for $933.25 and have a yield-to-maturity of 8.9 percent. What is the bonds' coupon rate? Don't round steps, 2 decimal answer. _%

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 3EB: Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual...
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Peterson Amalgamated recently issued 4-year semiannual coupon bonds. These bonds sell for $933.25 and have a yield-to-maturity of 8.9 percent. What is the bonds' coupon rate? Don't round steps, 2 decimal answer.

_% 

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