Business
Business, 07.02.2021 22:40, lilspike420

Lei Corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.7 percent, a par value of $1,000, and a current price of $1,065. The bonds make semiannual payments. What must the coupon rate be on these bonds?

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Lei Corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.7 percent, a par val...

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