Page enterprises has bonds on the market making annual, Financial Management

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Page enterprises has bonds on the market making annual

Page Enterprises has bonds on the market making annual payments, with twelve years to maturity, and selling for $960. At this price, the bonds yield 6.50 percent.

What must the coupon rate be on the bonds? (Round your answer to 2 decimal places (e.g., 32.16))

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Financial Management: Page enterprises has bonds on the market making annual

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