Question: Exam 3 Chapters 7 and 8 Multiple Choices 2-points each, short question 6 points, total 80 Points 38. Kaiser Industries has bonds on the market

Exam 3 Chapters 7 and 8 Multiple Choices 2-points each, short question 6 points, total 80 Points 38. Kaiser Industries has bonds on the market making annual payments, wi th 12 years to maturity, and selling for $1,382.01. At this price, the bonds yield 5.5 percent. What is the coupon rate? (6-points)

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