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Accounting

Problem:

Volbeat Corporation has bonds on the market with 18 years to maturity, an YTM of 10.9 percent, and a current price of $939. The bonds make semiannual payments.

Required:

Question: What must the coupon rate be on the bonds?

Note: Provide support for rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172919

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