Hollin corporation has bonds on the market with 235 years


Hollin Corporation has bonds on the market with 23.5 years to maturity, a YTM of 7 percent, and a current price of $1,051. The bonds make semi-annual payments.

 

What must the coupon rate be on these bonds?

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Financial Management: Hollin corporation has bonds on the market with 235 years
Reference No:- TGS0975106

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