Business, 03.04.2020 04:15, obeyal77

Big Canyon Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and a price of $955. At this price, the bonds yield 9.2 percent. What must the coupon rate be on the bonds?

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Big Canyon Enterprises has bonds on the market making annual payments, with 18 years to maturity, a...