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Rhiannon Corporation has bonds on the market with 11.5 years to maturity, a YTM of 7.3 percent, and a current price of $1,080. The bonds
Rhiannon Corporation has bonds on the market with 11.5 years to maturity, a YTM of 7.3 percent, and a current price of $1,080. The bonds make semiannual payments. What must the coupon rate be on these bonds?
please show step by step with formulas and how you are using them thanks
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