Find what is the coupon rate on the bond

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Question 1: Mayberry Limited has bonds on the market which make annual payments with 15 years to maturity and is currently valued at $980.50. Investors annual required rate of return is 9%. What is the coupon rate on this bond?

Reference no: EM132531837

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Find what is the coupon rate on the bond : 15 years to maturity and is currently valued at $980.50. Investors annual required rate of return is 9%. What is the coupon rate on this bond?
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