Rhiannon corporation has bonds on the market with 165 years


Question: Rhiannon Corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.7 percent, and a current price of $1,065. The bonds make semiannual payments.

What must be the coupon rate on these bonds?

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Finance Basics: Rhiannon corporation has bonds on the market with 165 years
Reference No:- TGS02867105

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