The bonds make semiannual payments what must the coupon


Ponzi Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.1 percent, and a current price of $1,038.

The bonds make semiannual payments. What must the coupon rate be on these bonds?

 

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Finance Basics: The bonds make semiannual payments what must the coupon
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