What must the coupon rate be on these bonds

Reference no: EM13303134

Ashes Divide Corporation has bonds on the market with 18 years to maturity, a YTM of 6.4 percent, and a current price of $1,266.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?

Reference no: EM13303134

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What must the coupon rate be on these bonds : Ashes Divide Corporation has bonds on the market with 18 years to maturity, a YTM of 6.4 percent, and a current price of $1,266.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?

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