Shannon purchases bound for dollar 95200 what is the coupon, Financial Management

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Shannon purchases bound for dollar 95200 what is the coupon

Shannon purchases bound for dollar 952.00. The bound matures in 3 years, and Shannon will redeem it at its face value dollar 1.000. Coupon payments are paid annually. If Shannon will earn a yield of 12 percentage year compounded yearly, what is the coupon rate on the investment?

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Financial Management: Shannon purchases bound for dollar 95200 what is the coupon

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Financial Management: Shannon purchases bound for dollar 95200 what is the coupon

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