Ponzi corporation has bonds on the market with 115 years to


Ponzi Corporation has bonds on the market with 11.5 years to maturity, a YTM of 7.20 percent, and a current price of $1,054. The bonds make semiannual payments.

What must the coupon rate be on these bonds?

 

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Finance Basics: Ponzi corporation has bonds on the market with 115 years to
Reference No:- TGS0609510

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