Ponzi corporation has bonds on the market with 105 years to


Ponzi Corporation has bonds on the market with 10.5 years to maturity, a YTM of 7.10 percent, and a current price of $1,051. The bonds make semi annual payments.

What must the coupon rate be on these bonds?

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Financial Management: Ponzi corporation has bonds on the market with 105 years to
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