Large industries bonds sell for 109652 the bond life is 11


Large Industries bonds sell for $1,096.52. The bond life is 11 years, and the yield to maturity is 7.2%. What must be the coupon rate on the bonds? Assume coupons are paid once a year and the face value is $1,000.

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Financial Management: Large industries bonds sell for 109652 the bond life is 11
Reference No:- TGS01218740

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