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Business, 02.07.2021 04:40 kpgmfb

Lei Corporation has bonds on the market with 12.5 years to maturity, a YTM of 7.2 percent, a par value of $1,000, and a current price of $1,030. The bonds make semiannual payments. What must the coupon rate be on these bonds

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Lei Corporation has bonds on the market with 12.5 years to maturity, a YTM of 7.2 percent, a par val...
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