What must the coupon rate be on bonds

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Reference no: EM131308214

Ashes Divide Corporation has bonds on the market with 19 years to maturity, a YTM of 6.4 percent, and a current price of $1,206.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.)

Reference no: EM131308214

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