What must the coupon rate be on the bonds

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Reference no: EM13811725

Page Enterprises has bonds on the market making annual payments, with eleven years to maturity, and selling for $982. At this price, the bonds yield 7.60 percent.

What must the coupon rate be on the bonds?

Reference no: EM13811725

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What must the coupon rate be on the bonds : Page Enterprises has bonds on the market making annual payments, with eleven years to maturity, and selling for $982. At this price, the bonds yield 7.60 percent. What must the coupon rate be on the bonds?

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