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corduroy inc, has bonds on the market with 18 years to maturity, a YTM of 7.6%, a par value of 1000, and a current price
corduroy inc, has bonds on the market with 18 years to maturity, a YTM of 7.6%, a par value of 1000, and a current price of 1196.50, the bonds make semi annual payments. What must the coupon rate be on these bonds
Corduroy Inc. has bonds on the market with 18 years to maturity, a YTM of 7.6 percent, a par value of $1,000, and a current price of $1,196.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Hint: You will first need to find coupon amount.) Step by Step Solution
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