brightbot9737 brightbot9737
  • 27-05-2023
  • Business
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Icemoon Incorporation has bonds with 12 years to maturity, a par value of $1,000, a YTM of 8 percent, and a current price of 847.53. The bonds make semiannual payments. What must be the coupon rate be on these bonds? 6 percent b. 7.52 percent c. 5.73 percent d. 4 percent e. 8.73 percent

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