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6. Coupon Rates CLO2] Nikita Enterprises has bonds on the market making annual payments with eight years to maturity, a par X value of $1.000,

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6. Coupon Rates CLO2] Nikita Enterprises has bonds on the market making annual payments with eight years to maturity, a par X value of $1.000, and selling for $962. At this price. the bonds yield 5.1 percent. What must the coupon rate be on the bonds? Bond Prices 0 LO2] Westco Co. issued 15-year bonds a year ago at a coupon rate of 5.4 percent. The bonds make semiannual x payments and have a par value of $1.000. If the YTM on these bonds is 4.5 percent, what is the current price of the bond in dollars? 7. Bond Yields (L02] Ashburn Corp, issued 25-year bonds two years ago at a coupon rate of 5.6 percent. The bonds make semiannual payments. If these bonds currently sell for 97 percent of par value, what is the YTM

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