Cranston industries just issued 1000 par 30-year bonds what
Cranston Industries just issued $1,000 par 30-year bonds. The bonds sold for $1,107.20 and pay interest semi-annually. Investors require a rate of 7.75% on bonds. What is the bonds coupon rate?
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cranston industries just issued 1000 par 30-year bonds the bonds sold for 110720 and pay interest semi-annually
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