Rhiannon corporation has bonds on the market with 165 years, Financial Management

Rhiannon corporation has bonds on the market with 165 years

Rhiannon Corporation has bonds on the market with 16.5 years to maturity, a YTM of 6.3 percent, and a current price of $1,036.

The bonds make semiannual payments. What must be the coupon rate on these bonds?

(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Coupon rate %

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Financial Management: Rhiannon corporation has bonds on the market with 165 years

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Financial Management: Rhiannon corporation has bonds on the market with 165 years

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