Find out the coupon rate on the bonds

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Reference no: EM13747639

Large Industries bonds sell for $1,104.10. The bond life is 15 years, and the yield to maturity is 6.4%. What must be the coupon rate on the bonds?

Reference no: EM13747639

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Find out the coupon rate on the bonds : Large Industries bonds sell for $1,104.10. The bond life is 15 years, and the yield to maturity is 6.4%. What must be the coupon rate on the bonds?

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