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What must the coupon rate be on the bonds?

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Question

Volbeat Corporation has bonds on the market with 13 years to maturity, a YTM of 9.9 percent, and a current price of $950. The bonds make semiannual payments.;Required;What must the coupon rate be on the bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).);Additional Requirements;Level of Detail: Show all work

 

Paper#30400 | Written in 18-Jul-2015

Price : $27
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