Question: Cold Boxes Ltd. issued one hundred $1,000 face value bonds. This bond's current market value of $541.20 will give a YTM of 12%. Interest payments

Cold Boxes Ltd. issued one hundred $1,000 face value bonds. This bond's current market value of $541.20 will give a YTM of 12%. Interest payments are made every six months. The bonds mature in 10 years. What is the coupon rate of these bonds? 7% 5% 6% 4%

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