Nikita Enterprises has bonds on the market making annual payments, with 17 years to maturity,...
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Nikita Enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and selling for 5969. At this price, the bonds yleld 81 percent. What must the coupon rate be on the bonds? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal piaces, e.9., 32.16
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