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Can you show how to do the on the calculator? I keep getting different numbers Lydic Corporation has bonds on the market with 17.5 years
Can you show how to do the on the calculator? I keep getting different numbers
Lydic Corporation has bonds on the market with 17.5 years to maturity, a YTM of 7.8 percent, a par value of $1,000, and a current price of $1,066. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32,16.) Coupon rate 6.09 %Step by Step Solution
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