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A Johnson corporation bond is currently selling form $850. The bond matures in 20 years, has a face value of $1,000, and a yield to
A Johnson corporation bond is currently selling form $850. The bond matures in 20 years, has a face value of $1,000, and a yield to maturity of 10.55%. The bond coupon rate is__?
please explain and do not copy from Chegg. otherwise i have to report the answer.
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