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Question 4 Not yet answered Marked out of 6.00 Flag question A company issued $20 million of face value bonds, with a coupon rate of
Question 4 Not yet answered Marked out of 6.00 Flag question A company issued $20 million of face value bonds, with a coupon rate of 4% payable semi-annually. The maturity date on the bonds is in 10 years. The bonds were sold in the market and proceeds of $20,197,358.09 were received by the company. Enter your answer using two decimal places and with a \% sign. For example 12.34%
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