Volbeat corporation has bonds on the market with 19 years


Volbeat Corporation has bonds on the market with 19 years to maturity, a YTM of 11.1 percent, and a current price of $937. The bonds make semi annual payments.

What must the coupon rate be on the bonds?

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Financial Management: Volbeat corporation has bonds on the market with 19 years
Reference No:- TGS01156235

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