Ponzi Corporation has bonds on the market with 14.5 years to maturity, - 15615

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yousafbhutta

yousafbhutta

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  • Posted on: Sun 10 Mar, 2013
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Ponzi Corporation has bonds on the market with 14.5 years to maturity, a YTM of 7.50 percent, and a current price of $1,061. The bonds make semiannual payments.

 

What must the coupon rate be on these bonds? (Round your answer to 2 decimal places. (e.g., 32.16))

Solution Description

Ponzi Corpor

Attachments
Ponzi.docx
Ponzi.docx