Hollin corporation has bonds on the market with 175 years
Hollin Corporation has bonds on the market with 17.5 years to maturity, a YTM of 7.8 percent, and a current price of $1,066. The bonds make semiannual payments.
What must the coupon rate be on these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)
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hollin corporation has bonds on the market with 175 years to maturity a ytm of 78 percent and a current price of 1066
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