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Question
Valley Manufacturing Inc. just issued $1,000 par 20-year bonds. The bonds sold for $758.18 and pay interest semiannually. Investors require a rate of 9% on the bonds. What is the bonds' coupon rate?A) 6%
B) 7%
C) 8%
D) 9%
Answer
This answer is hidden. It contains 1 characters.
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