The bonds make semiannual payments

Reference no: EM13338030

Volbeat Corporation has bonds on the market with 13 years to maturity, a YTM of 9.9 percent, and a current price of $950. The bonds make semiannual payments.

Required:
What must the coupon rate be on the bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM13338030

Questions Cloud

Difference between absobtion and marhinalcosting : Explain the difference between absobtion and marhinalcosting. calculate the marginal cost per drill. prepare a profit and loss statement for the years expectedproduction

Who make buying decisions for organizations : Who make buying decisions for organizations

How attitudes affect job satisfaction : How attitudes affect job satisfaction. What are some other examples of how attitudes affect behavior? Why is it important to understand this connection?

Similarities-differences andpresent overall conclusion : Compare an organization that is totally market driven against onethat has adopted TQM. Discuss similarities and differences andpresent overall conclusion.

The bonds make semiannual payments : Volbeat Corporation has bonds on the market with 13 years to maturity, a YTM of 9.9 percent, and a current price of $950. The bonds make semiannual payments.

What will be the cost of the new lagoon : A new aerated sewage lagoon is required in a small town. Earlier this year one was built on asimilar site in an adjacent city for $2.3 million. The new lagoonwill be 60% larger. Assume the power sizing exponent is 1.13, what will be the cost of the n..

What is the company''s return in equity : Martinez inc has a total debt ratio of .56 total debt of 316,000 and net income of 38,500. What's the company's return in equity?

Example of a market segmentation : Could someone give me an example of a market segmentation that is appropriate for the purposes of product design but inappropriate for the purposes of marketing channel design?

Useful for marketing channel design purposes : Give an example of market segmentation that is appropriate for the purposes of product design but inappropriate for the purposes of marketing channel design. Conversely, give an example where the product-design segmentation is also useful for marketi..

User Account

All Pages