Hollin corporation has bonds on the market with 155 years


Hollin Corporation has bonds on the market with 15.5 years to maturity, a YTM of 7.6 percent, and a current price of $1,063. The bonds make semiannual payments.

What must the coupon rate be on these bonds?

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Financial Management: Hollin corporation has bonds on the market with 155 years
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