Sunpac Bond Assignment | Homework For You
January 22nd, 2020
A Sunpac bond is selling at a premium to its face value. The bond has 3 years to maturity and pays an annual coupon of 8%. Based on this information, which of the following statements is correct?
Don't use plagiarized sources. Get Your Assignment on
Sunpac Bond Assignment | Homework For You
Just from $13/Page
Bonds always sell at a premium because they have coupon payments. | ||
The premium represents the high demand for Sunpac bonds. | ||
The bonds yield is greater than its coupon percentage. | ||
The bonds yield is less than its coupon percentage. | ||
None of the above. Get Finance homework help today |