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Xyz currently has 21 long term bond issues outstanding work

Xyz currently has 21 long term bond issues outstanding work various times to maturity and coupon rates. One of these bonds matures on the Dec 1 2031 approx 15 years from today. It has a yield to maturity of 4.8%. For simplicity assume that coupons are paid annually. The bond is currently selling for $1105 Based on face (par) value of $1000. What is the coupon rate?

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Finance Basics: Xyz currently has 21 long term bond issues outstanding work

Reference No:- TGS02140748

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