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Coupon Rates Goldstream Enterprises has bonds on the market making annual payments, with nine years to maturity, and selling for $948. At this price, the
Coupon Rates Goldstream Enterprises has bonds on the market making annual payments, with nine years to maturity, and selling for $948. At this price, the bonds yield 5.9%. What must the coupon rate be on the bonds?
(please do not use excel, I would like to know the long form calculation)
Thank you :)
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