Question: Problem 6 - 8 Coupon Rate ( LO 2 ) General Matter's outstanding bond issue has a coupon rate of 1 0 . 4 %

Problem 6-8 Coupon Rate (LO2)
General Matter's outstanding bond issue has a coupon rate of 10.4%, and it sells at a yield to maturity of 8.50%. The firm wishes to issue additional bonds to the public. What coupon rate must the new bonds offer in order to sell at face value?
Note: Enter your answer as a percent rounded to 2 decimal places.
Coupon rate
Problem 6-8 Coupon Rate (LO2) General Matter's outstanding bond issue has

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