What must the coupon rate be on these bonds

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Ashes Divide Corporation has bonds on the market with 13 years to maturity, a YTM of 9.0 percent, and a current price of $1,296.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?

Reference no: EM13262234

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What must the coupon rate be on these bonds : Ashes Divide Corporation has bonds on the market with 13 years to maturity, a YTM of 9.0 percent, and a current price of $1,296.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?
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