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Zatex, Inc., has 9-year bonds outstanding with a par value of USD 1000. and amarket...

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Question

Accounting

Zatex, Inc., has 9-year bonds outstanding with a par value of USD 1000. and amarket price of $800. The bonds pay interest annually and have a yield to maturity of 8.7 percent. What is the bond's coupon rate in percentage terms?

9.22

9.19

9.43

5.4

9.17

Answer & Explanation Solved by verified expert
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