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borteleto borteleto
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5 years ago
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%
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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Marc18Marc18
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borteleto Author
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#2
5 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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