Rhiannon Corporation has bonds on the market with 10.5 years to maturity, a YTM of...
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Finance
Rhiannon Corporation has bonds on the market with 10.5 years to maturity, a YTM of 7.1 percent, a par value of $1,000, and a current price of $1,051. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) points Coupon rate % eBook Print
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