DMA Corporation has bonds on the market with 14.5 years to maturity, a YTM of 7.5%, and a current price of $1,061. The bonds make semiannual payments and have a par value of $1,000. What must the coupon rate be on these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here