jennn6564 jennn6564

15-01-2024
Business

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Nazarian's has bonds on the market with 13 years to maturity, a YTM of 7.6 percent, and a current price of $901.98. The bonds make semiannual payments and have a face value of $1,000. What is the coupon rate?

a. 6.67%
b. 6.33%
c. 6.60%
d. 6.40%
e. 6.50%

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