What must coupon rate be on bonds

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Reference no: EM131905527

1. Staind, Inc., has 8 percent coupon bonds on the market that have 11 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 9 percent, what is the current bond price?

2. Kiss the Sky Enterprises has bonds on the market making annual payments, with 6 years to maturity, and selling for $890. At this price, the bonds yield 11.0 percent. What must the coupon rate be on the bonds?

Reference no: EM131905527

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