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help please with steps P7-8 Coupon Rates [LO2] Ashes Divide Corporation has bonds on the market with 18 years to maturity, a YTM of 8.2
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P7-8 Coupon Rates [LO2] Ashes Divide Corporation has bonds on the market with 18 years to maturity, a YTM of 8.2 percent, and a current price of $1,156.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.) 8.54% 17.11% 9.88% 9.98% 19.79% References eBook & ResourcesStep by Step Solution
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