Essary enterprises has bonds on the market making annual
Essary Enterprises has bonds on the market making annual payments, with nine years to maturity, a par value of $1,000, and selling for $966. At this price, the bonds yield 6.8 percent.
What must the coupon rate be on the bonds?
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essary enterprises has bonds on the market making annual payments with nine years to maturity a par value of 1000 and
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