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In most cases a paragraph or so for each question will be sufficient. For problems, show your work such as calculator inputs and outputs for
In most cases a paragraph or so for each question will be sufficient. For problems, show your work such as calculator inputs and outputs for full credit.
1. How does a bond issuer decide on the appropriate coupon rate to set on its bonds? Explain the difference between the coupon rate and the required return on a bond.
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