What must coupon rate be on these bonds

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1. Consider the stock EBIX, INC(NASDAB: EBIX) as one potential stock (as of 2017). Use a can slim strategy that a company would use.

2. Grohl Co. issued 8-year bonds a year ago at a coupon rate of 6 percent. The bonds make semiannual payments. If the YTM on these bonds is 6 percent, what is the current bond price?

3. Ashes Divide Corporation has bonds on the market with 16 years to maturity, a YTM of 8.0 percent, and a current price of $1,176.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.)

Reference no: EM131867848

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