The Griswold Co. wants to raise $8 million by selling some coupon bonds at par. Comparable bonds in the market have a 6 percent semi-annual coupon, 8 years to maturity, and are selling at 96.9 percent of par. What coupon rate should the Griswold Co. set on their bonds?

Answer rating: 100% (QA)

A 582 percent B 600 percent C 619 percent D 625 percent E 650 percent Solution Computation of ... View the full answer