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Henley Corporation has bonds on the market with ( 1 9 . 5 ) years to maturity, a YTM of ( 1

Henley Corporation has bonds on the market with \(19.5\) years to maturity, a YTM of \(11.2\) percent, a par value of \(\$ 1,000\), and a current price of \(\$ 936\). The bonds make semiannual payments. What must the coupon rate be on the bonds? (Do not round Intermedlate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)Lion Corp. has a \(\$ 3,000\) par value bond outstanding with a coupon rate of 5 percent paid semiannually and 14 years to maturity. The yleld to maturity on this bond is \(3.9\) percent. What Is the dollar price of the bond? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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