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QUESTION
Coupon Rates. Osbourne Corporation has bonds on the market with 10.5 years to maturity, a YTM of 9.4 percent, and a current price of $945. The bonds...
Coupon Rates. Osbourne Corporation has bonds on the market with 10.5 years to maturity, a YTM of 9.4 percent, and a current price of $945. The bonds make semiannual payments. What must the coupon rate be on the bonds?
