Lanker Enterprises has bonds on the market making Monthly payments, with 16 years to maturity,...
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Lanker Enterprises has bonds on the market making Monthly payments, with 16 years to maturity, a par value of $1,000, and a price of $1154.49. At his price, the bonds yield 12 percent. What must the coupon rate be on the bonds? Select one: a. 14.176% b.15.833% c.15.513% d. 14.586%
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