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Business, 27.02.2022 01:50 jeffcarpenter

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

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