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Ponzi Corporation has bonds on the market with 10.5 years to maturity, a YTM of 7.10 percent, and a current price of $1,051. The bonds
Ponzi Corporation has bonds on the market with 10.5 years to maturity, a YTM of 7.10 percent, and a current price of $1,051. The bonds make semiannual payments. |
What must the coupon rate be on these bonds? |
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