Metal Fabricators just issued $1,000 par 20-year bonds. The bonds sold for $758.18 and pay …

Metal Fabricators just issued $1,000 par 20-year bonds. The bonds sold for $758.18 and pay interest semi-annually. Investors require a rate of 9% on the bonds. What is the bonds’ coupon rate?

“Get 15% discount on your first 3 orders with us”
Use the following coupon
FIRST15

Order Now