Coupon Rate Assignment | Top Universities
February 13th, 2020
Tahani wants to sell a bond that has a face value of $1,000. The bond has a coupon rate of 6% payable semiannually. Five years ago, he paid $880 for the bond. She requires at least an 8% return on this investment. What must be the minimum selling price? Answer: $942.47. Get Accounting Homework Help Today.