If Circular File (see previous problem: A 6-year Circular File bond pays interest of $80 annually and sells for $950. Pa
Posted: Sun Jun 05, 2022 10:33 am
If Circular File (see previous problem: A 6-year Circular File bond pays interest of $80 annually and sells for $950. Par value is $1000 by assumption.) wants to issue a new 6- year bond at face value, what coupon rate must the bond offer? (Round your answer to 4 decimal places.) Coupon rate