SR Inc. has bonds with semi-annual payments. The bonds have 8 years to maturity and are currently priced at $990. At this price, the yield to maturity on the bonds is 9.2%. The par value of the bonds is $1,000. What is the amount of each semi-annual coupon payment?

Answer rating: 100% (QA)

Finding the semiannual coupon payment for SR Incs bonds We can use the following formula t... View the full answer