What is the coupon interest rate of these bonds

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Public Service Company of North Carolina issued $150 million worth of bonds this year. The bonds had a face value of $1000 each, and came with a promise to pay the bearer $66.25 a year in interest during the life of the bond. What is the coupon interest rate of these bonds?

Reference no: EM131197672

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What is the coupon interest rate of these bonds : Public Service Company of North Carolina issued $150 million worth of bonds this year. The bonds had a face value of $1000 each, and came with a promise to pay the bearer $66.25 a year in interest during the life of the bond. What is the coupon inter..

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