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Homework 2 (Due: Jan. 19) HAND-write all answers!!! Name: (ID: 1. Florida Enterprise has bonds on the market making annual payments, with the eight-year maturity,

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Homework 2 (Due: Jan. 19) HAND-write all answers!!! Name: (ID: 1. Florida Enterprise has bonds on the market making annual payments, with the eight-year maturity, a par value of $1,000, and selling for $948. At this price, the bonds yield 5.9%. What must the coupon rate be on the bond? (a coupon rate is coupon payments over the face value)

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