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Ashes Divide Corporation has bonds on the market with 13 years to maturity, a YTM of 110 percent, and a current price of $1,206,50. The

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Ashes Divide Corporation has bonds on the market with 13 years to maturity, a YTM of 110 percent, and a current price of $1,206,50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.) Multiple Choice 14.12% 28.12% 11.62% 14.02% 23.31%

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