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Ashes Divide Corporation has bonds on the market with 17 years to maturity, a YTM...

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Finance

Ashes Divide Corporation has bonds on the market with 17 years to maturity, a YTM of 6.8 percent, and a current price of $1,336.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.)

rev: 09_18_2012

Multiple Choice

  • 10.17%

  • 10.27%

  • 20.40%

  • 7.61%

  • 15.26%

Answer & Explanation Solved by verified expert
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