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Gabriele Enterprises has bonds on the market making annual payments, with 6 years to maturity, a...

Gabriele Enterprises has bonds on the market making annual payments, with 6 years to maturity, a par value of $1,000, and selling for $860. At this price, the bonds yield 8.5 percent. What must the coupon rate be on the bonds?

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jeff jeffy answered 1 year ago
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