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Kiss the Sky Enterprises has bonds on the market making annual payments, with 19 years to maturity, and selling for $860. At this price, the
Kiss the Sky Enterprises has bonds on the market making annual payments, with 19 years to maturity, and selling for $860. At this price, the bonds yield 10.0 percent. What must the coupon rate be on the bonds? 9.68% 8.33% 10.00% 16.65% 8.43%
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