peanutswift4163 peanutswift4163

15-06-2024
Business

Answered

Mutt Enterprises issued a $600 face value bond a number of years ago that will mature in eight years. Similar bonds are yielding 8% , and this bond is currently selling for $1,292.65. Assume bond coupons are paid semiannually. Compute the coupon rate on this bond.

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