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QUESTION
1-Gyro Tech Corporation has a bond outstanding with a market price of $1,155. The bond has 2 years to maturity, pays interest semiannually, and has a...
1-Gyro Tech Corporation has a bond outstanding with a market price of $1,155.00. The bond has 2 years to maturity, pays interest semiannually, and has a yield to maturity of 9%. What is the bond’s coupon rate?
