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QUESTION
a corporation has bonds on the market with 10.5 years to maturity, a YTM of 6.2 percent, a par value of 1,000, and a current price of $945. the bonds...
a corporation has bonds on the market with 10.5 years to maturity, a YTM of 6.2 percent, a par value of 1,000, and a current price of $945. the bonds make semiannual payments. what must the coupon rate be on the bonds?
