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Kiss the Sky Enterprises has bonds on the market making annual payments, with 8 years to maturity, and selling for $860. At this price, the
| Kiss the Sky Enterprises has bonds on the market making annual payments, with 8 years to maturity, and selling for $860. At this price, the bonds yield 11.0 percent. What must the coupon rate be on the bonds?
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International Finance Transactions Policy And Regulation
Authors: Hal S. Scott
18th Edition
1599419750, 978-1599419756
