Henley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 10.2...

Question

Question

Henley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 10.2 percent, a par value of $1,000, and a c

business finance

Answer 1

Answer #1

The coupon rate is calculated using the PMT function:-

=PMT(rate,nper,pv,fv)

=PMT(10.2%/2,14.5*2,-953,1000)*2/1000

=9.57%

Answer 2

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