A 6-year Circular File bond pays interest of $80 annually and sells for $950. If Circular File
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A 6-year Circular File bond pays interest of $80 annually and sells for $950.
If Circular File wants to issue a new 6-year bond at face value, what coupon rate must the bond offer?
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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...
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Given data Time 600 years Interest 8000 Pric...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0078034640
7th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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