Determining the coupon rate of bonds


Osbourne Corporation has bonds on the market with 17.0 years to maturity, a YTM of 10.7 percent, and a current price of $941. The bonds make semiannual payments.

What must the coupon rate be on the bonds?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Determining the coupon rate of bonds
Reference No:- TGS0674014

Now Priced at $5 (50% Discount)

Recommended (92%)

Rated (4.4/5)