Determine the coupon rate on the bonds
Rekall Vacations Inc has bonds on the market with 17.5 years to maturity, a YTM of 7.80 percent, and a current price of $1,066. The bonds make semiannual payments. What must the coupon rate be on these bonds?
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A YTM of 7.80 percent, and a current price of $1,066. The bonds make semiannual payments. What must the coupon rate be on these bonds?
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