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DMA Corporation has bonds on the market with 20.5 years to maturity, a YTM of 8.1 percent, and a current price of $1,074. The bonds make semiannual payments and have a par value of $1,000.
What must the coupon rate be on these bonds?
Several years ago, R’s son, S, got into the restaurant business. R loaned S $10,000 to help him get the business going. No note was signed nor was any interest charged. Can R
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