Brookline , Inc . just sold an issue of 40-year bonds for $ 2,207.20 . Investors require

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Brookline , Inc . just sold an issue of 40-year bonds for $ 2,207.20 . Investors require a rate of return on these bonds of 9.65 % . The bonds pay interest semiannually . What is the coupon rate of the bonds?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: May 03, 2024 01:47 AM

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Brookline , Inc . just sold an issue of 40-year bonds for $ 2,207.20 . Investors require

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To find the coupon rate of the bonds we need to use the present value formula for bond... View the full answer

Foundations of Financial Management

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