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Merton Enterprises has bonds on the market making annual payments, with 18 years to maturity, and selling for $960. At this price, the bonds yield
Merton Enterprises has bonds on the market making annual payments, with 18 years to maturity, and selling for $960. At this price, the bonds yield 8.7 percent.
| What must the coupon rate be on Mertons bonds? |
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Shape Up Your Finances The Personal Finances Handbook
Authors: Ian Birt
1st Edition
0734608268, 978-0734608260
