Finding the coupon interest rate

Reference no: EM132161003

Question: At what coupon interest rate will a $20,000 bond yield a nominal 12% interest compounded quarterly if the purchaser pays $18,000 and the bond becomes due in 20 years? Assume the bond interest is payable quarterly. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132161003

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