Your company currently has $1,000 par, 6.75% coupon bonds with 10 years to maturity and a price of $1,074. If you want
Posted: Mon Apr 25, 2022 8:34 am
Your company currently has $1,000 par, 6.75% coupon bonds
with 10 years to maturity and a price of $1,074. If you want to
issue new 10-year coupon bonds at par, what coupon rate do you
need to set? Assume that for both bonds, the next coupon payment
is due in exactly six months.
with 10 years to maturity and a price of $1,074. If you want to
issue new 10-year coupon bonds at par, what coupon rate do you
need to set? Assume that for both bonds, the next coupon payment
is due in exactly six months.