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PLEASE HELP ME, NEED THE ANSWER TODAY. AND I ONLY HAVE 30 MINS. Rhiannon Corporation has bonds on the market with 18.5 years to maturity,
PLEASE HELP ME, NEED THE ANSWER TODAY. AND I ONLY HAVE 30 MINS.
Rhiannon Corporation has bonds on the market with 18.5 years to maturity, a YTM of 6.5 percent, and a current price of $1,048. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Coupon rate %Step by Step Solution
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