BML Ltd. has an existing bond that trades on the secondary market. This bond has 11.5 years left to maturity, makes semiannual coupon payments, trades at a YTM of 10.25%, and has a current market price of R1098 (per R1000 face value). What must the coupon rate be for this bond

Answer rating: 100% (QA)

To calculate the required coupon rate for the bond we need to use the bond pricing formul... View the full answer