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I need help on this question quick. Please show work. Thank you!
Required information
[The following information applies to the questions displayed below.]
On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds
mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed
amortization schedule below pertains to the bonds:
What is the coupon rate?
Note: Enter your answer as a percentage rounded to 1 decimal place (i.e.0.123 should be entered as 12.3).
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