Dma corporation has bonds on the market with 165 years to


DMA Corporation has bonds on the market with 16.5 years to maturity, a YTM of 6.3 percent, and a current price of $1,036. The bonds make semiannual payments and have a par value of $1,000.

What must the coupon rate be on these bonds?

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Financial Management: Dma corporation has bonds on the market with 165 years to
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