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Problem 7 - 5 Coupon Rates [ LO 2 ] Nikita Enterprises has bonds on the market making annual payments, with seven years to maturity,
Problem Coupon Rates LO
Nikita Enterprises has bonds on the market making annual payments, with seven years to maturity, a par value of $ and selling for $ At this price, the bonds yield percent. 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
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