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Henley Corporation has bonds on the market with 20 years to maturity, a YTM of 11.3%, a par value of $1,000, and a current price

Henley Corporation has bonds on the market with 20 years to maturity, a YTM of 11.3%, a par value of $1,000, and a current price of $935. The bonds make semi annual payments. What must the coupon rate...

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