Ponzi corporation has bonds on the market with 125 years

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Reference no: EM13575028

Ponzi Corporation has bonds on the market with 12.5 years to maturity, a YTM of 7.30 percent, and a current price of $1,057. The bonds make semiannual payments.

What must the coupon rate be on these bonds?

Reference no: EM13575028

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