Mobius is issuing 16-year, semiannual coupon, bonds for $964 to fund new projects. The expected...
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Mobius is issuing 16-year, semiannual coupon, bonds for $964 to fund new projects. The expected yield to maturity on these bonds is 9%. What is the coupon rate on these bonds. Show your answer to the nearest .01%. Do not use the % sign in your answer.
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