Osbourne corporation has bonds on the market with 150 years


Osbourne Corporation has bonds on the market with 15.0 years to maturity, a YTM of 10.3 percent, and a current price of $954. The bonds make semiannual payments.

Required:

What must the coupon rate be on the bonds?

 

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Finance Basics: Osbourne corporation has bonds on the market with 150 years
Reference No:- TGS0598962

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