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Botanica Incorporation has bonds with 14 years to maturity, a face value of $1,000, a YTM of 8.2 percent, and a current price of 1,132.

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Botanica Incorporation has bonds with 14 years to maturity, a face value of $1,000, a YTM of 8.2 percent, and a current price of 1,132. The bonds make annual payments. What must be the coupon rate on these bonds? a. 7.23 percent

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