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Large Industries bonds sell for $1,096.52. The bond life is 11 years, and the yield to maturity is 7.2%. What must be the coupon rate
Large Industries bonds sell for $1,096.52. The bond life is 11 years, and the yield to maturity is 7.2%. What must be the coupon rate on the bonds? Assume coupons are paid once a year and the face value is $1,000. |
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