What must the coupon rate be on mertons
Merton Enterprises has bonds on the market making annual payments, with 12 years to maturity, and selling for $963. At this price, the bonds yield 7.5 percent.
What must the coupon rate be on Merton’s bonds?
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merton enterprises has bonds on the market making annual payments with 12 years to maturity and selling for 963 at this
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