Wheelers has bonds on the market with 13 years to maturity, Finance Basics

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Wheelers has bonds on the market with 13 years to maturity

Question: Wheeler's has bonds on the market with 13 years to maturity, a YTM of 7.6 percent, and a current price of $901.98. The bonds make semiannual payments and have a face value of $1,000. What is the coupon rate? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Wheelers has bonds on the market with 13 years to maturity

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