Bonds on market making annual payments

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Reference no: EM131983878

Kiss the Sky Enterprises has bonds on the market making annual payments, with 17 years to maturity, and selling for $1,029.29. At this price, the bonds yield 7 percent. The coupon rate on the bonds is _____ percent. (Do not include the percent sign (%). Round your answer to 1 decimal place. Using the question above, please help me answer the questions using the following numbers: 8 years to maturity selling for $918 bond yield of 5.5% Enter the answer with 4 decimal points.

Reference no: EM131983878

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