Valley Inc. just issued exist1,000 par 20-year bonds. The bonds sold for exist758, 18 and...
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Valley Inc. just issued exist1,000 par 20-year bonds. The bonds sold for exist758, 18 and pay interest semiannually. Investors require a rate of 9% on the bonds. What is the bond's coupon rate? A) 7.09% b) 8.35% C) 9.11% d) 6.37%
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