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FIN- COUPON RATES RHIANNON CORPORATION

FIN- COUPON RATES RHIANNON CORPORATION.

Coupon Rates Rhiannon Corporation has bonds on the market with 11.5 years to maturity, a YTM of 7.6 percent, and a current price of $1,060. The bonds make semiannual payments. What must the coupon rate be on these bonds?

 

FIN- COUPON RATES RHIANNON CORPORATION

Solution:

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