What must the coupon rate be on the bonds
Problem
Nikita Enterprises has bonds on the market making annual payments. with 15 years to maturity. a par value of $1.000. And selling for $959. At this price, the bonds yield 8.8 percent. What must the coupon rate be on the bonds?
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Nikita Enterprises has bonds on the market making annual payments. with 15 years to maturity. a par value of $1.000. What must the coupon rate be on the bonds?
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