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Business, 12.08.2020 06:01 iamasia06

Maxcorp’s bonds sell for $1,065.15. The bond life is 9 years, and the yield to maturity is 7%. What is the coupon rate on the bonds? (Assume a face value of $1,000 and annual coupon payments.)

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Maxcorp’s bonds sell for $1,065.15. The bond life is 9 years, and the yield to maturity is 7%. What...
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