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Problem 6 - 8 Coupon Rates [ LO 2 ] Henley Corporation has bonds on the market with 1 0 . 5 years to maturity,
Problem Coupon Rates LO
Henley Corporation has bonds on the market with years to maturity, a YTM of
percent, a par value of $ and a current price of $ The bonds make semiannual
payments. What must the coupon rate be on the bonds? Do not round intermediate
calculations and enter your answer as a percent rounded to decimal places, eg
Coupon rate
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