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A firm has a bond outstanding that matures in 22 years. If it's market price is $1194.09 and it yeilds 9.94%, what is the bonds

A firm has a bond outstanding that matures in 22 years. If it's market price is $1194.09 and it yeilds 9.94%, what is the bonds coupon rate? Enter as a decimal and provide at least four decimal places (0.1234 not 12.34%). image text in transcribed
A firm has a bond outstanding that matures in 22 years. If its market price is $1,194.09 and it yields 9.94%, what is the bond's coupon rate? Enter as a decimal and provide at least four decimal places (0.1234 not 12.34%)

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