Hollin corporation has bonds on the market with 175 years, Ask an Expert

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Hollin Corporation has bonds on the market with 17.5 years to maturity, a YTM of 7.8 percent, and a current price of $1,066. The bonds make semiannual payments.

What must the coupon rate be on these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

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Financial Management, Finance

Category:- Financial Management
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