Buttercup inc just issued 1000 par 30-year bonds each bond


Buttercup Inc. just issued $1,000 par 30-year bonds. Each bond was sold for $1,107.20 and pay interest semiannually. Investors require a rate of 7.75% on the bonds. What is the bonds' coupon rate?

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Finance Basics: Buttercup inc just issued 1000 par 30-year bonds each bond
Reference No:- TGS0601309

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