Volbeat corporation has bonds on the market with 18 years
Volbeat Corporation has bonds on the market with 18 years to maturity, a YTM of 10.9 percent, and a current price of $939. The bonds make semi annual payments.
Required:
What must the coupon rate be on the bonds?
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volbeat corporation has bonds on the market with 18 years to maturity a ytm of 109 percent and a current price of 939
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