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Business, 21.08.2020 19:01 nae9587

Lei Corporation has bonds on the market with 22.5 years to maturity, a YTM of 6.9 percent, a par value of $1,000, and a current price of $1,057. The bonds make semiannual payments. What must the coupon rate be on these bonds

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Lei Corporation has bonds on the market with 22.5 years to maturity, a YTM of 6.9 percent, a par val...
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