Determine bonds coupon rate


Metal Fabricators just issued $1,000 par 20-year bonds. The bonds sold for $758.18 and pay interest semi-annually. Investors require a rate of 9% on the bonds. What is the bonds' coupon rate?

  • 6%
  • 7%
  • 8%
  • 9%

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Finance Basics: Determine bonds coupon rate
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