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market enterprises would like to issue bonds and needs to determine the approximate rate they would need to pay investors. a firm with similar risk
market enterprises would like to issue bonds and needs to determine the approximate rate they would need to pay investors. a firm with similar risk recently issued bonds with the following current features: a 5% coupon rate, 10 years until maturity, and a current price of $1,150. at what rate would Market Enterprises expect to issue their bonds, assuming annual interest payments?
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