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Business, 13.11.2019 04:31 dezmarcus

Barnes enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and a price of $969. at this price, the bonds yield 8.1 percent. what must the coupon rate be on the bonds? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)

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