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FIN - Volbeat corporation has bonds on the market 19.5 years to maturity

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Question;Volbeat corporation has bonds on the market 19.5 years to maturity, a YTM of 11.2 percent, and a current price of $936. The bonds make semiannual payments. What must the coupon rate be on the bonds?

 

Paper#50646 | Written in 18-Jul-2015

Price : $22
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