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Find what should the coupon rate be on the bonds

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Reference no: EM132933465

Problem 1: Bridgeside Capital issues 40-year bonds for a service expansion project. The company currently sells them on the market for R835 at an interest rate of 12% that is paid once every three months. If the bonds' par value is R1 000 and matures in 40 years, what should the coupon rate be on the bonds?

Reference no: EM132933465

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