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Posted on Jul 30, 2024

Quarry Industries issued 3 7 5 bonds, each with a $ 1 , 0 0 0 par value. If Quarry Industries pays $ 1 2

Quarry Industries issued

375

bonds, each with a $

1, 000

par value. If Quarry Industries pays $

12, 000

annually to bondholders, what is the coupon rate?

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