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Kiss the Sky Enterprises has bonds on the market making annual payments, with 19 years...

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Question

Finance

Kiss the Sky Enterprises has bonds on the market making annual payments, with 19 years to maturity, and selling for $880. At this price, the bonds yield 6.6 percent. What must the coupon rate be on the bonds?

rev: 09_18_2012

Multiple Choice

  • 6.60%

  • 5.47%

  • 6.22%

  • 10.95%

  • 5.57%

Answer & Explanation Solved by verified expert
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