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Part 9 . Calculate the annual coupon for a bond that sells for $ 1 0 5 0 . The bond matures in 1 5

Part

9 .

Calculate the annual coupon for a bond that sells for $

1050 .

The bond matures in

15

years, has a face value of $

1, 000,

and the cost of debt is

7 % .

The coupon for this bond is annual.

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