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with justification Question 1. [3 points ABC Enterprises has bonds on the market making annual payments, with 11 years to maturity, and selling for $880.

image text in transcribed with justification

Question 1. [3 points ABC Enterprises has bonds on the market making annual payments, with 11 years to maturity, and selling for $880. At this price, the bonds yield 11.0 percent. What must the coupon rate be on the bonds? Answer: Justify your

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