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How do you enter into the calculator Problem 6-5 Coupon Rates (LO 2] Big Canyon Enterprises has bonds on the market making annual payments, with
How do you enter into the calculator
Problem 6-5 Coupon Rates (LO 2] Big Canyon Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and a price of $970. At this price, the bonds yield 8.2 percent. What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Coupon rate [ 1%Step by Step Solution
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