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has bonds on the market with 19.5 years to maturity, a YTM of 6.6 percent, a par value of $1,000, and a current price of $1,043. The bonds make semiannual payments. What must the coupon rate be on these
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has bonds on the market with 19.5 years to maturity, a YTM of 6.6 percent, a par value of $1,000, and a current price of $1,043. The bonds make semiannual payments. What must the coupon rate be on these bonds?

User Prakash Sharma
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2 votes

Answer:

The coupon rate must be 7%

Step-by-step explanation:

See attached file

has bonds on the market with 19.5 years to maturity, a YTM of 6.6 percent, a par value-example-1
User Felix Lamouroux
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