BWomack6687 BWomack6687

09-07-2020
Business

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has bonds on the market with 19.5 years to maturity, a YTM of 6.6 percent, a par value of $1,000, and a current price of $1,043. The bonds make semiannual payments. What must the coupon rate be on these bonds?

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hopemichael95 hopemichael95

09-07-2020

Answer:

The coupon rate must be 7%

Explanation:

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