Problem 7 - 8 Coupon Rates [ LO 2 ] Draiman Corporation has bonds on the market
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Problem Coupon Rates LO
Draiman 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 these bonds? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
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