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What must the coupon rate be on the bonds for skywalker co

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Reference no: EM132806692

Problem 1: Skywalker Corporation has bonds on the market with 14.5 years to maturity, a YTM of 5.3 percent, a par value of $1,000, and a current price of $1,045. The bonds make semiannual payments. What must the coupon rate be on these bonds?

Reference no: EM132806692

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