Ashes Divide Corporation has bonds on the market with 15 years to maturity, a YTM of 6.0
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Question:
Ashes Divide Corporation has bonds on the market with 15 years to maturity, a YTM of 6.0 percent, and a current price of $1,216.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?
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