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Kiss the Sky Enterprises has bonds on the market making annual payments, with 20 years to maturity, and selling for $920. At this price, the
Kiss the Sky Enterprises has bonds on the market making annual payments, with 20 years to maturity, and selling for $920. At this price, the bonds yield 11.0 percent. What must the coupon rate be on the bonds? (Note: first find the coupon payment, then the coupon rate. The face value of $1,000 x coupon rate = coupon payment).
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