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Seven years ago peterborough trucking issued 15-year bonds

Seven years ago, Peterborough Trucking issued 15-year bonds with a face value of $1,000 each. Today, the market rate of return on these bonds is 7.9 percent and the market price is $984.20 The bonds pay interest semi-annually. What is the coupon rate?

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Finance Basics: Seven years ago peterborough trucking issued 15-year bonds

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