[Solved] 3. Par value of the bond is $1,000. Happy

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3. Par value of the bond is $1,000. Happy Valley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.1%

3. Par value of the bond is $1,000. Happy Valley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.1% and curgent price of $1,038. The bonds make semiannual payments. What must the coupon rate be on these bonds

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