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The HET Corp. has just issued semi-annual coupon bonds with a maturity of seven years and fair value of $1,000 each. The price received by
The HET Corp. has just issued semi-annual coupon bonds with a maturity of seven years and fair value of $1,000 each. The price received by the corporation is $1,151.33 per bond, which represents a yield to maturity of 8%. What is the coupon rate on these bonds?
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner
4th Edition
