Kathy wants to buy bonds on the market with 105 years to, Ask an Expert

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Kathy wants to buy bonds on the market with 10.5 years to remaining maturity, a current yield to maturity of 10%, and current price of 102 (total par - $1,000,000). The bonds make semi annual payments. What must the annual coupon rate be on the bonds?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91416836

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