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Kiss the Sky Enterprises has bonds on the market making annual payments, with 10 years to maturity, and selling for $770. At this price, the bonds yield 11.0 percent. What must the coupon rate be on the bonds?
Financial Management, Finance
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Assume that HOS could issue a zero coupon bond at an annual interest rate of 4 percent with semiannua compounding for 20 years. If HOS receives $2,264.45 for the bond, how much would it have to pay at the maturity date?
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