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Coupon Rates Rhiannon Corporation has bonds on the market with 1 1 . 5 years to maturity, a YTM of 7 . 6 percent, and

Coupon Rates Rhiannon Corporation has bonds on the market

with

11.5

years to maturity, a YTM of

7.6

percent, and a current

price of $

1, 060 .

The bonds make semiannual payments. What

must the coupon rate be on these bonds?

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