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Polo AG has bonds on the market with 17.5 years to maturity, a YTM of 8 per cent, and a current price of 926. The
Polo AG has bonds on the market with 17.5 years to maturity, a YTM of 8 per cent, and a current price of 926. The bonds make semiannual payments. The par value of the bond is 1,000.
What must the coupon rate be on these bonds? Coupon rate % = ?
I would appreciate if you show work, it would help a lot
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