Large Industries annual bonds are selling at 93 (i e , the price is $930 for the $1,000 bond) There are 9 years remaining until maturity on the bonds and the yield to maturity is 8 25 Find the coupon rate ...

Large Industries annual bonds are selling at 93 ie Par value am ...

Large Industries annual bonds are selling at 93 (i.e., the price is $930 for the $1,000 bond).

Question:

Large Industries annual bonds are selling at 93 (i.e., the price is $930 for the $1,000 bond). There are 9 years remaining until on the bonds and the yield to is 8.25%. Find the rate.
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...