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Kaiser Industries has bonds on the market making annual coupon payments, with 14 years to maturity, and selling for $1,382.01. At this price, the bonds
Kaiser Industries has bonds on the market making annual coupon payments, with 14 years to maturity, and selling for $1,382.01. At this price, the bonds have a yield to maturity of 10.7 percent. What is the dollar amount of annual coupon? A. $107.00 B. $160.25 C. $160.85 D. $94.02 E. $162.06
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