Large industries annual bonds are selling at 9570 ie the, Financial Management

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Large industries annual bonds are selling at 9570 ie the

Large Industries annual bonds are selling at 95.70 (i.e., the price is $957 for the $1,000 bond). There are 8 years remaining until maturity on the bonds and the yield to maturity is 6.25%. Find the coupon rate. (Note: you may have to use a trial and error solution method)

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Financial Management: Large industries annual bonds are selling at 9570 ie the

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Financial Management: Large industries annual bonds are selling at 9570 ie the

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