Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $1,092.99. At this price, the bonds yield 5.16 percent. What must the coupon rate be on the bonds?
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- Waylan Sisters Inc. issued 3-year bonds with a par value of $100,000 and a 6% annual coupon when the market rate of interest was 5%. If the bonds sold at 102.438, how much cash did Williams Sisters Inc. receive from issuing the bonds?Page Enterprise has bonds on the market making annual payments, with 9 years to maturity, and selling for $948. At this price, the bonds yield 5.9 percent. What must the coupon rate be on the bonds?Nikita Enterprises has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and selling for $972. At this price, the bonds yield 8.4 percent. What must the coupon rate be on the bonds?
- Rove Enterprises has bonds on the market making annual payments, with 10 years to maturity, and selling for $935. At this price, the bonds yield 6%. a) What is the value of the yearly coupon payment on Rove Enterprises' bonds? b) What must the coupon rate be on the bonds? c) Are the bonds of Rover Enterprises considered discount bonds or premium bonds and why?Volbeat Corporation has bonds on the market with 30 years to maturity, a YTM of 6.2%, and a current price of $924. The bonds make semiannual payments. What must the annual coupon rate be on the bonds?Kiss the Sky Enterprises has bonds on the market making annual payments, with 13 years to maturity, and selling for $1,045. At this price, the bonds yield 7.5 percent. What must the coupon rate be on the bonds?
- Gabriele Enterprises has bonds on the market making annual payments, with seven years to maturity, a par value of $1,000 and selling for $974. At this price, the bonds yield 7.2 percent. What must the coupon rate be on the bonds.Gabriele Enterprises has bonds on the market making annual payments, with eleven years to maturity, a par value of $1,000, and selling for $970. At this price, the bonds yield 7 percent. What must the coupon rate be on the bonds?Happy Valley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.1%, face value of $1000 and a current price of $1038. The bonds make semiannual payments . What must the coupon rate be on these bonds?
- Rhiannon Corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.7 percent, a par value of $1,000, and a current price of $1,065. The bonds make semiannual payments. What must the coupon rate be on these bonds?Draiman Corporation has bonds on the market with 14.5 years to maturity, a YTM of 10.2 percent, a par value of $1,000, and a current price of $953. The bonds make semiannual payments. What must the coupon rate be on the bonds? (Hint: The coupon rate is always quoted as an annual rate! The coupon rate is calculated by adding up the total amount of payments in a year made by a bond, then dividing it by the face value of the bond.) Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Coupon rate %Ashes Divide Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.8 percent, and a current price of GH¢924. The bonds make semiannual payments. What must the coupon rate be on these bonds?