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Hello - Can you possibly help with the formulas and to answer the below question? Rhiannon Corporation has bonds on the market with 11.5 years
Hello -
Can you possibly help with the formulas and to answer the below question?
Rhiannon Corporation has bonds on the market with 11.5 years to maturity, a YTM of 6.8 percent, a par value of $1000, and a current price of $1,055.The bonds make semiannual payments.What must the coupon rate be on these bonds?
Thank you
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