Homework answers / question archive / Sky Enterprises has bonds on the market making annual payments, with 8 years to maturity, and selling for $950

Sky Enterprises has bonds on the market making annual payments, with 8 years to maturity, and selling for $950

Finance

Share With

Sky Enterprises has bonds on the market making annual payments, with 8 years to maturity, and selling for $950. At this price, the bonds yield 11.0 percent. What must the coupon rate be on the bonds? Multiple Choice 10.56% 11.00%