Question: Cold Boxes Ltd. has 100 bonds outstanding (maturity value = $1,000). The required rate of return on these bonds is currently 8 percent, and interest

Cold Boxes Ltd. has 100 bonds outstanding (maturity value = $1,000). The required rate of return on these bonds is currently 8 percent, and interest is paid semiannually. The bonds mature in 10 years, and their current market value is $796 per bond. What is the annual coupon interest rate rounded to the nearest percent? How much is each payment to an individual bond holder?

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