Business
Business, 12.08.2020 04:01, cloudyyt78

Gabriele Enterprises has bonds on the market making annual payments, with eleven years to maturity, a par value of $1,000, and selling for $982. At this price, the bonds yield 7.6 percent. Required:
What must the coupon rate be on the bonds?

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Gabriele Enterprises has bonds on the market making annual payments, with eleven years to maturity,...

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