Suppose wolverine steel company wishes to issue a 100000


Suppose Wolverine Steel Company wishes to issue a $100,000 bond with a maturity of 8 years to raise $80,294. The market requires a yield to maturity (YTM) of 9.0% for this company's borrowing/debt. How much coupon will the company have to pay every six months?

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Financial Management: Suppose wolverine steel company wishes to issue a 100000
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