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Posted on May 18, 2024

Murray motors has a $ 1 0 0 0 par value bond with a yield to maturity is 8 . 6 % and the maturity

Murray motors has a $

1000

par value bond with a yield to maturity is

8.6 %

and the maturity date is

35

years from today. If the market price of the bond is $

1245,

what is the coupon rate on the bond?

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