Question: Cold Boxes Ltd. has 100 bonds outstanding (maturity value = $1,000).The nominal required rate of return on these bonds is currently 10 percent,and interest is

Cold Boxes Ltd. has 100 bonds outstanding (maturity value = $1,000).The nominal required rate of return on these bonds is currently 10 percent,and interest is paid semiannually. The bonds mature in 5 years, and theircurrent market value is $768 per bond. What is the annual coupon interest rate?

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