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please solve in the following format, if applicable: FV (future value) = PV (present value) = PMTvend (end payment) = I/YR (interest rate) = N
please solve in the following format, if applicable:
FV (future value) = PV (present value) = PMTvend (end payment) = I/YR (interest rate) = N (periods) =
10. Lumberton Corp. has bonds on the market with 13.5 years to maturity, a YTM of 8.77%, a par value of $1,000 and a current price $1,058.56. The bonds make semiannual payments. What must the coupon rate be on the bondsStep by Step Solution
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