Bonds issued by fairfax mechanical were priced at 90226, Financial Management

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Bonds issued by fairfax mechanical were priced at 90226

Bonds issued by Fairfax Mechanical were priced at 902.26 dollars six months ago and are priced at 887.38 dollars today. The bonds have a face value of 1,000 dollars, pay semi-annual coupons, and just made a coupon payment. The bonds had a percentage return over the past six months (from 6 months ago to today) of 6.41 percent. What is the coupon rate of the bonds?

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Financial Management: Bonds issued by fairfax mechanical were priced at 90226

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Financial Management: Bonds issued by fairfax mechanical were priced at 90226

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