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Ashes Divide Gorporation has bonds on the market with 17 years to maturity, a YTM of 8.8 percent, and a current price of $1,206.50. The

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Ashes Divide Gorporation has bonds on the market with 17 years to maturity, a YTM of 8.8 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.) Ngata Corp. issued 14-year bonds 2 years ago at a coupon rate of 9.8 percent. The bonds make semiannual payments. If these bonds currently sell for 103 percent of par value, what is the YTM? An investment offers a 7.0 percent total return over the coming year. Bill Bernanke thinks the total real return on this investment will be only 3.0 percent. What does Bill believe the inflation rate will be over the next year

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