What must the coupon rate be on the bonds

Reference no: EM13279617

1. Osbourne Corporation has bonds on the market with 16.0 years to maturity, a YTM of 10.5 percent, and a current price of $943. The bonds make semiannual payments. What must the coupon rate be on the bonds?

2. App Store Co. issued 17-year bonds one year ago at a coupon rate of 7.8 percent. The bonds make semiannual payments. Required: If the YTM on these bonds is 5.5 percent, what is the current bond price?

Literally been working on this hw assignment for hours. My finance calculator just broke and googling around isn't helping. Help would be greatly appreciated.

Reference no: EM13279617

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What must the coupon rate be on the bonds : Osbourne Corporation has bonds on the market with 16.0 years to maturity, a YTM of 10.5 percent, and a current price of $943. The bonds make semiannual payments. What must the coupon rate be on the bonds?

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