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ale4655 [162]
2 years ago
6

McConnell Corporation has bonds on the market with 12 years to maturity, a YTM of 10.0 percent, a par value of $1,000, and a cur

rent price of $1,226.50. The bonds make semiannual payments. What must the coupon rate be on these bonds
Business
1 answer:
PolarNik [594]2 years ago
3 0

Answer:

13.28%

Explanation:

The computation of the coupon rate is shown below

But before that determine the PMT

Given that

NPER = 12 × 2 = 24

RATE = 10% ÷ 2 = 5%

PV = $1,226.50

FV = $1,000;

The formula is shown below

= PMT(RATE;NPER;-PV;FV;TYPE)

After applying the above formula, the monthly payment is

= $66.41 × 2

= $132.82

Now the coupon rate is

= $132.82 ÷ $1,000

= 13.28%

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Explanation:

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Answer:

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3 0
3 years ago
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Answer:

TRUE

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asambeis [7]
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Answer:

D) The recording label should expand the production and distribution of RG 2RG2​'s first CD.

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