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HELP ASAPP!! 11 Rhiannon Corporation has bonds on the market with 17.5 years to maturity, a YTM of 6.4 percent, and a current price of
HELP ASAPP!! 11 
Rhiannon Corporation has bonds on the market with 17.5 years to maturity, a YTM of 6.4 percent, and a current price of $1,037. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Coupon rate Step by Step Solution
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
10th Global Edition
0273765736, 978-0273765738
