Bonds make semi-annual payments

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Hollin Corporation has bonds on the market with 23.5 years to maturity, a YTM of 7 percent, and a current price of $1,051. The bonds make semi-annual payments.

What must the coupon rate be on these bonds?

Reference no: EM13721869

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Bonds make semi-annual payments : Hollin Corporation has bonds on the market with 23.5 years to maturity, a YTM of 7 percent, and a current price of $1,051. The bonds make semi-annual payments. What must the coupon rate be on these bonds?

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