Volbeat corporation has bonds on the market with 145 years


Volbeat Corporation has bonds on the market with 14.5 years to maturity, a YTM of 10.2 percent, and a current price of $953. The bonds make semi-annual payments.

Required:

What must the coupon rate be on the bonds?

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Financial Management: Volbeat corporation has bonds on the market with 145 years
Reference No:- TGS0979863

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