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currently sell for $1,038.50, what is the YTM? 5. Coupon Rates Big Canyon Enterprises has bonds on the market making annual payments, with 12 years

currently sell for $1,038.50, what is the YTM? 5. Coupon Rates Big Canyon Enterprises has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a price of $1,030. At this price, the bonds yield 6.14 percent. What must the coupon rate be on the bonds? 6 Bond Prices

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