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April 23, 2014

Homework Help: Finance

Posted by Anonymous on Tuesday, October 16, 2012 at 9:56pm.

A corporation has bonds on the market with 13.5 years to maturity, a YTM of 7.6 percent, and a current price of $1,175. The bonds make semiannual payments. What must the coupon rate be on these bonds?

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