9. Tutak Industries issued a $1,000 face value bond a number of years ago that will mature...
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9. Tutak Industries issued a $1,000 face value bond a number of years ago that will mature in eight years. Similar bonds are yielding 8%, and the Tutak bond is currently selling for $1,291.31. Compute the coupon rate on this bond. (In practice we generally aren’t asked to find coupon rates.)
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