What must the coupon rate of maturity

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Reference no: EM13849816

DMA Corporation has bonds on the market with 16.5 years to maturity, a YTM of 6.3 percent, and a current price of $1,036. The bonds make semiannual payments and have a par value of $1,000.

What must the coupon rate be on these bonds?

Reference no: EM13849816

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