Home Furnish has bonds on the market with 13 years to maturity and a yield to maturity of 8.5.In the financial newspaper, Home Furnish bonds is quoted as 127.223% of par value. The bonds make semi-annual payments. What must be the annual coupon rate on Home Furnish's bonds? (Assume Face value of the bond= $1,000)

Answer rating: 100% (QA)

1 Given Information Bonds have 13 years to maturity Yield to maturity YTM is 85 Bonds make semiannua... View the full answer