Hollin Corporation has bonds on the market with 20 years to maturity, a YTM of 1

Question

Hollin Corporation has bonds on the market with 20 years to maturity, a YTM of 11.8 percent, and a current price of $984.76. The bonds make semiannual payments. The coupon rate on these bonds must be percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

Hollin Corporation has bonds on the market with 20 years to maturity, a YTM of 11.8 percent, and a current price of $984.76. The bonds make semiannual payments. The coupon rate on these bonds must be percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

Explanation / Answer

Hollin Corporation has bonds on the market with 20 years to maturity, a YTM of 11.8 percent, and a current price of $984.76. The bonds make semiannual payments. The coupon rate on these bonds must be 11.60 percent

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