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ABC Enterprises has bonds on the market making annual payments, with seven years to maturity, and...

ABC Enterprises has bonds on the market making annual payments, with seven years to maturity, and selling for $1120. At this price, the yield to maturity is 11%. What must the coupon rate % ? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) (Omit % sign in your response.)

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ekkarill92 answered 2 years ago
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