Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Kiss the Sky Enterprises has bonds on the market making
annual payments, with 13 years to maturity, and selling for $1,045. At this price,
the bonds yield 7.5 percent. What must the coupon rate be on the bonds?
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