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Business, 15.04.2020 03:27 hardwick744
Big Canyon Enterprises has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a price of $1,030. At this price, the bonds yield 6.14 percent. What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)
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Big Canyon Enterprises has bonds on the market making annual payments, with 12 years to maturity, a...
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