Business
Business, 01.11.2019 06:31, anggar20

Market enterprises would like to issue $1,000 bonds and needs to determine the approximate rate it would need to pay investors. a firm with similar risk recently issued bonds which currently have the following features: a 5% coupon rate, 10 years until maturity, and a current price of $1,170.50. at what rate would market enterprises expect to issue bonds, assuming annual interest payments? round to the closest answer. (solve this problem using either excel's "goal seek" function, plug into tvm tables, or a financial calculator.)

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