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Posted on Sep 20, 2024

Expo Inc. issued 1 5 - year $ 1 0 0 0 bonds priced at $ 1 0 4 5 . If interest is paid

Expo Inc. issued

15 -

year $

1000

bonds priced at $

1045 .

If interest is paid semiannually and the bond has a yield to maturity of

3.5 %,

what is the bond

s annual coupon rate?

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