Question: OCR ltd. issued one hundered $1000 face value bonds. this bonds current market value of $868 will give a ytm of 9%. Interest payments are
OCR ltd. issued one hundered $1000 face value bonds. this bonds current market value of $868 will give a ytm of 9%. Interest payments are made every six months. the bonds mature in6 years. what is the coupon rate of these bonds?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
