What must the coupon rate be on the given bonds

Reference no: EM131934120

Question: Ashes Divide Corporation has bonds on the market with 13 years to maturity, a YTM of 11.0 percent, and a current price of $1,326.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131934120

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