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Business, 11.11.2020 17:50 nihadsalim10

Smiley Industrial Goods has $1,000 face value bonds on the market with semiannual interest payments, 13.5 years to maturity, and a market price of $1,023.At this price, the bonds yield 6.4 percent. What must be the coupon rate on these bonds?A) 3.75 percentB) 6.66 percentC) 7.50 percentD) 7.33 percentE) 3.33 percent

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Smiley Industrial Goods has $1,000 face value bonds on the market with semiannual interest payments,...
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