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Rhiannon Corporation has bonds on the market with 10.5 years to maturity, a YTM of 7.1 percent, and a current price of $1,051. The bonds
Rhiannon Corporation has bonds on the market with 10.5 years to maturity, a YTM of 7.1 percent, and a current price of $1,051. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round intermediate calculations. Round the final answer. to 2 decimal places.) Coupon rate %
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
13th Edition
1337395080, 9781337395083
