The coupon rate is stated as 375 company delta issued its


Company Checkpoint issued bonds at a discount where each $1,000 face(par) bond was issued for $900. The coupon rate is stated as 3.75%. Company Delta issued its bonds at par (each $1,000 of bond was issued for $1,000) with a coupon rate of 4%. As an investor which company's bonds have the favorable yield?

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Finance Basics: The coupon rate is stated as 375 company delta issued its
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