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Dakota Motors has 15-year bonds outstanding with a face value of $1,000 and a market price of $1,024.41. The bonds pay interest annually and have
Dakota Motors has 15-year bonds outstanding with a face value of $1,000 and a market price of $1,024.41. The bonds pay interest annually and have a yield to maturity of 4.03 percent. What is the coupon rate? A. 3.80 percent B. 3.95 percent C. 4.20 percent D. 3.75 percent E. 4.25 percent
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