Rhiannon corporation has bonds on the market


Problem:

Rhiannon Corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.70 percent, and a current price of $1,065. The bonds make semiannual payments.

Required:

Question: What must the coupon rate be on these bonds? Explain in detail and specify all calculation and formulas.

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Finance Basics: Rhiannon corporation has bonds on the market
Reference No:- TGS0876828

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