Buttercup inc just issued rm1000 par 30-year bonds each


Buttercup Inc. just issued RM1,000 par 30-year bonds. Each bond was sold for RM1,107.20 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 rm1000 par 30-year bonds each
Reference No:- TGS0600320

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