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Problem 6-8 Coupon Rates Bentley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 10.2 percent, a par value of
Problem 6-8 Coupon Rates Bentley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 10.2 percent, a par value of $1,000, and a current price of $953. The bonds make semiannual payments. (Do not round intermediate calculations.) What must the coupon rate be on the bonds? Data Input area (enter numeric data here) Annual Number of Periods 14.5
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