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HW2 i 3 14:28 points Saved Check my work mode: This shows what is correct or incorrect for the work you have complete Draiman Corporation
HW2 i 3 14:28 points Saved Check my work mode: This shows what is correct or incorrect for the work you have complete Draiman Corporation has bonds on the market with 17.5 years to maturity, a YTM of 10.8 percent, a par value of $1,000, and a current price of $940. The bonds make semiannual payments. What must the coupon rate be on the bonds? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct. Coupon rate 6.00
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