What coupon rate waterfront properties set on bonds


Waterfront Properties wants to raise $3.5 million by selling somecoupon bonds at par. Comparable bonds in the market have an 8percent annual coupon, 10 years to maturity, and are selling at101.7 percent of par. What coupon rate should Waterfront Propertiesset on its bonds?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What coupon rate waterfront properties set on bonds
Reference No:- TGS0676422

Now Priced at $5 (50% Discount)

Recommended (90%)

Rated (4.3/5)