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Find the coupon payment for excell corp

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Reference no: EM132599388

Question 1: Excell Corp. is planning an issue of 24 year bonds the companies investment bankers are trying to find the semi annual coupon required for Excell 1000 Par value bonds to sell for $1330.32 investors require an annual return at 10.2% on excel bonds find the coupon payment

Is it

Option 1: $64.20

Option 2: $58.85

Option 3: $69.55

Option 4: $55.36

Reference no: EM132599388

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