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explain with an answer. l The Exley Company bonds are currently selling tor $1,041.30. This is a 50-year bond issued 17 years ago, which pays

explain with an answer.

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l The Exley Company bonds are currently selling tor $1,041.30. This is a 50-year bond issued 17 years ago, which pays semi- annual interest. Other bonds in the market similar to Exley Company's bond pay a market interest rate of 7.75%. What is the coupon rate? You need to submit your answer and upload your calculations via Bb, it not, your mark will be zero

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