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No. 8 (3 pts.) Levana ltd Corporation has issued bonds to finance a new project. The face value of the bonds is $1,580,000. The bonds

image text in transcribed No. 8 (3 pts.) Levana ltd Corporation has issued bonds to finance a new project. The face value of the bonds is $1,580,000. The bonds were issued for $1,717,391. Investors demand 11% annual yield for bonds with the same risk characteristics. What is necessarily true? a. The coupon rate is lower than 11% b. The coupon rate is 11% C. In order to know the coupon rate we need to know if the bonds are held to maturity d. The coupon rate is higher than 11% e. All answers are wrong

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