What is the coupon rate of these bonds expressed annually

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Reference no: EM132062562

Question

Yankee Zulu Corp.'s outstanding bonds mature in 17 years and have a par value of $1000. The current yield to maturity is 7.3%.

The market price of these bonds is $946.76. If coupons are paid semi-annually, what is the coupon rate of these bonds, expressed annually?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132062562

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