What must the coupon rate be on the bonds

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Page Enterprises has bonds on the market making annual payments, with twelve years to maturity, and selling for $960. At this price, the bonds yield 6.50 percent.

What must the coupon rate be on the bonds? (Round your answer to 2 decimal places (e.g., 32.16))

Reference no: EM13847154

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What must the coupon rate be on the bonds : Page Enterprises has bonds on the market making annual payments, with twelve years to maturity, and selling for $960. At this price, the bonds yield 6.50 percent. What must the coupon rate be on the bonds?

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