Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Your company currently has $1,000 par, 5% coupon bonds with 10 years to
maturity and a price of $1,065. If you want to issue new 10 -year coupon
bonds at pa to set? Assume that for both bonds, the next coupon payment is
due in exactly six months. You need to set a coupon rate of %. (Round to
two decimal places.)
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Transcribed Image Text:Your company currently has $1,000 par, 5% coupon bonds with 10 years to maturity and a price of $1,065. If you want to issue new 10 -year coupon bonds at pa to set? Assume that for both bonds, the next coupon payment is due in exactly six months. You need to set a coupon rate of %. (Round to two decimal places.)
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