ues the calculater Know how to calculate bonds coupon rates. 13) Bryant Inc....
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Know how to calculate bonds coupon rates. 13) Bryant Inc. just issued $1,000 par 30-year bonds. The bonds sold for $1,107.20 and pay interest semiannually. Investors require a rate of 7.75% on the bonds. What is the bonds' coupon rate? A) 9.333% B) 7.750% C) 4.125% D) 8.675% Answer: D 14) Valley Manufacturing Inc. just issued $1,000 par 20-year bonds. The bonds sold for $758.18 and pay interest semiannually. Investors require a rate of 9% on the bonds. What is the bonds' coupon rate? A) 6%
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