Nikita Enterprises has bonds on the market making annual payments, with eight years to maturity, a par

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Nikita Enterprises has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and selling for $962. At this price, the bonds yield 5.1 percent. What must the coupon rate be on the bonds?

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Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Aug 24, 2021 04:58 AM

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Nikita Enterprises has bonds on the market making annual payments, with eight years to maturity, a par

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PV A 1 1rn r where pv 962 A r 51 0051 n 8years 962 ...View the full answer

Fundamentals Of Corporate Finance

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