If Circular File (see previous problem: A 6-year Circular File bond pays interest of $80 annually and sells for $950. Pa

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answerhappygod
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If Circular File (see previous problem: A 6-year Circular File bond pays interest of $80 annually and sells for $950. Pa

Post by answerhappygod »

If Circular File (see previous problem: A 6-year Circular File
bond pays interest of $80 annually and sells for $950. Par value is
$1000 by assumption.) wants to issue a new 6-year bond at face
value, what coupon rate must the bond offer? round to 4 DEC
places
what is the coupon rate
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