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Ashes Divide Corporation has bonds on the market with 19 years to maturity, a YTM of 9.0 percent, and a current price of $1,246.50. The
Ashes Divide Corporation has bonds on the market with 19 years to maturity, a YTM of 9.0 percent, and a current price of $1,246.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.) Multiple Choice O 9.41% O 11.83% O 23.51% 11.73% O O 18.86% Grohl Co. issued 12-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments. If the YTM on these bonds is 6 percent, what is the current bond price? Multiple Choice $1,408.42 $644.92 $1,253.85 $1,482.11 $1,398.42 Staind, Inc., has 7 percent coupon bonds on the market that have 11 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 9 percent, what is the current bond price? Multiple Choice $1,153.97 $820.70 O O $1,030.00 O O $863.90 $907.09
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