Draiman Corporation has bonds on the market with 11 years to maturity, a YTM of 9.5 percent, a par value of $1,000, and
Posted: Wed Jul 06, 2022 6:42 pm
Draiman Corporation has bonds on the market with 11 years tomaturity, a YTM of 9.5 percent, a par value of $1,000, and acurrent price of $946. The bonds make semiannual payments. Whatmust the coupon rate be on the bonds?