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pls help Nikita Enterprises has bonds on the market making annual poyments, with 18 years to maturity, a par value of $1,000, and selling for
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Nikita Enterprises has bonds on the market making annual poyments, with 18 years to maturity, a par value of $1,000, and selling for $965. At this price, the bonds yieid 77 percent. What must the coupon rate be on the bonds? Note: Do not round intermediate caleutations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16. (3) Answer is complete but not entirely correct Step by Step Solution
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