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  3. the bonds of microhard, inc. carry a 10% annual co

The bonds of Microhard, Inc. carry a 10% annual coupon, have a $1,000 face value,...

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Finance

The bonds of Microhard, Inc. carry a 10% annual coupon, have a $1,000 face value, and mature in 4 years. They are selling for $1,102. What is the market rate of interest on comparable bonds?

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