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Rhiannon Corporation has bonds on the market with 1 3 years to maturity, a YTM of 7 . 6 % , a par value of
Rhiannon Corporation has bonds on the market with years to maturity, a YTM of a
par value of $ a current market price of $ The bonds make semiannual payments.
a What must the coupon rate be on these bonds?
b What would be coupon rate if the current market price is $
c What would be the coupon rate if the bonds make quarterly payments
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