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Posted on May 18, 2024

Firm A ' s bonds have a $ 1 , 0 0 0 face value, and they mature in 1 8 years. Their yield to

Firm A

'

s bonds have a $

1, 000

face value, and they mature in

18

years. Their yield to maturity is

7.62 %,

they pay interest semiannually, and they sell at a price of $

928 .

What is the bond

s coupon rate?

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