Business, 29.06.2021 16:40 Robyn32

Henley Corporation has bonds on the market with 12 years to maturity, a YTM of 9.7 percent, a par value of $1,000, and a current price of $948. The bonds make semiannual payments. What must the coupon rate be on the bonds

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Henley Corporation has bonds on the market with 12 years to maturity, a YTM of 9.7 percent, a par va...