What must be the coupon rate on the bonds
Question:Large Industries bonds sell for $1,065.15. The bond life is 9 years, and the yield to maturity is 7 percent. What must be the coupon rate on the bonds?
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Bond sold for $1,065.12. the bond life is 9 years, yeild to maturity is 7 percent, what is the coupon rate?
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Large Industries bonds sell for $1,065.15. The bond life is 9 years, and the yield to maturity is 7 percent. What must be the coupon rate on the bonds?
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