Maxcorp s bonds sell for $ 1 , 1 7 6 . 7 3 . The bond

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Question:

Maxcorp

s bonds sell for $

1, 176.73 .

The bond life is

9

years, and the yield to maturity is

8.6 % .

What is the coupon rate on the bonds?

(

Assume a face value of $

1, 000

and annual coupon payments.

)

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to

2

decimal places.

Posted Date: May 18, 2024 05:11 PM

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