Lowder Inc. issued 10% semiannual coupon bonds with a $1,000 face value. The bonds have 20...

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Lowder Inc. issued 10% semiannual coupon bonds with a $1,000 face value. The bonds have 20 years to maturity. What is the current yield on the bond if investors require a 12% rate of return? What is the effect annual return? [For possible partial credit, be sure to show as much work as possible. Make sure your final answers are clearly labeled.] Lowder Inc. issued 10% semiannual coupon bonds with a $1,000 face value. The bonds have 20 years to maturity. What is the current yield on the bond if investors require a 12% rate of return? What is the effect annual return? [For possible partial credit, be sure to show as much work as possible. Make sure your final answers are clearly labeled.]