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Nikita Enterprises has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and selling for $958. At
Nikita Enterprises has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and selling for $958. At this price, the bonds yield 8.9 percent. What must the coupon rate be on the bonds
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Fundamentals Of Investments
Authors: Bradford Jordan, Thomas Miller
4th Edition
0073314978, 9780073314976
