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What must be the coupon rate on the bonds

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Reference no: EM132483786

Point 1: Rhiannon Corporation has bonds on the market with 12.5 years to maturity, a YTM of 7.3 percent, and a current price of $1,057. The bonds make semiannual payments.

Question 1: What must be the coupon rate on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM132483786

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