Rhiannon corporation has bonds on the market with 135 years

Reference no: EM13619782

Rhiannon Corporation has bonds on the market with 13.5 years to maturity, a YTM of 7.6 percent, and a current price of $1,175. The bonds make semiannual payments. What must the coupon rate be on these bonds?

Reference no: EM13619782

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