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What must be the coupon rate on the bonds

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Question: Large Industries bonds sell for $1,097.23. The bond life is 14 years, and the yield to maturity is 8.3%. What must be the coupon rate on the bonds? Assume coupons are paid once a year and the face value is $1,000. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131784580

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What must be the coupon rate on the bonds : Large Industries bonds sell for $1,097.23. The bond life is 14 years, and the yield to maturity is 8.3%. What must be the coupon rate on the bonds?
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