Dma corporation has bonds on the market with 19.5 years to maturity, a ytm of 6.6 percent, and a current price of $1,043. the bonds make semiannual payments and have a par value of $1,000. what must the coupon rate be on these bonds? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,

e.g., 32.16.)

Given:
bonds on the market with 19.5 years to maturity
a yield to maturity of 6.6%,
current price of $1,043
face value of $1,000

YTM = Coupon payment / current price
6.6% = Coupon payment / 1,043
6.6% * 1,043 = Coupon payment
68.838 = coupon payment

Coupon rate = Coupon payment / Face Value
Coupon rate = 68.838 / 1,000
Coupon rate = 0.068838 or 6.88%

The coupon rate of DMA Corporation's bonds is 6.88%. 

Regardless of its price in the market, each bond will have 68.838 annual interest payment or 34.419 semi annual payments.

If i was in a position to advise a western company that is considering business in Saudi Arabia, i would have the following to say to them

Firstly, the company should study the culture of the Arabians. By learning the culture, the company ensure that it does not bring a product that does not seat well with the culture or that is blasphemous to their belief.

Secondly, the company should ensure that the timing of its works does not in any way disturb the religious beliefs or praying times of the the people.

Thirdly, decision making by the western company has to be careful and well thought. Saudi arabia more often than not is concerned about the family than

Cheers.