Coupon rate be on bonds, Question: What must the coupon rate be on these bonds? Note:, Accounting Basics

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Coupon rate be on bonds

Problem:

Rhiannon Corporation has bonds on the market with 13.5 years to maturity, a YTM of 7.6 percent, and a current price of $1,175. The bonds make semiannual payments.

Required:

Question: What must the coupon rate be on these bonds?

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Accounting Basics: Coupon rate be on bonds

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Accounting Basics: Coupon rate be on bonds

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