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QUESTION
nts Ashes Divide Corporation has bonds on the market with 12 years to maturity, a YTM of 10 percent, and a current price of $1,027. The bonds make...
nts Ashes Divide Corporation has bonds on the market with 12 years to maturity, a YTM of 10 percent, and a current price of $1,027.6. The bonds make semiannual payments. The coupon rate on these bonds must be percent.
