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    Moussawi Ltd - Bonds

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    Moussawi Ltd's outstanding bonds have a $1000 par value, and they mature in 5 years. Their yield to maturity is 9%, based on semiannual compounding, and the current market price is $853.61. The bonds have a par value of $1000. What is the bond's annual coupon interest rate?

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    https://brainmass.com/business/bond-valuation/moussawi-ltd-bonds-150715

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    The solution answers the question below in great detail, including explanation and step by step calculations.

    $2.19

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