Register

Has bonds on the market with 19.5 years to maturity, a YTM of 6.6 percent, a par value of $1,000, and a current price of $1,043. The bonds make semiannual payments. What must th…

Has bonds on the market with 19.5 years to maturity, a YTM of 6.6 percent, a par value of $1,000, and a current price of $1,043. The bonds make semiannual payments. What must th…
asked 195k views
1 vote
has bonds on the market with 19.5 years to maturity, a YTM of 6.6 percent, a par value of $1,000, and a current price of $1,043. The bonds make semiannual payments. What must the coupon rate be on these bonds?

asked
User Prakash Sharma
by
8.7k points

1 Answer

2 votes

Answer:

The coupon rate must be 7%

Step-by-step explanation:

See attached file

has bonds on the market with 19.5 years to maturity, a YTM of 6.6 percent, a par value-example-1
answered
User Felix Lamouroux
by
7.7k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What is meant by data mining ?
What is the best way to describe a stock market?
Link Copied!