What must the coupon rate be on the bonds

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Question: Coupon Rates. Volbeat Corporation has bonds on the market with 10.5 years to maturity, a YTM of 6.2 percent, a par value of $1,000, and a current price of $945. The bonds make semiannual payments. What must the coupon rate be on the bonds? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131731031

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