Coupon Rates Big Canyon Enterprises has bonds on the market making
annual payments, with 12 years to maturity, a par value of $1,000, and a
price of $1,030. At this price, the bonds yield 6.14 percent. What must the
coupon rate be on the bonds?
Coupon Rates Big Canyon Enterprises has bonds on the market making
annual payments, with 12 years to maturity, a par value of $1,000, and a
price of $1,030. At this price, the bonds yield 6.14 percent. What must the
coupon rate be on the bonds?