Draiman Corporation has bonds on the market with 11 years to maturity, a YTM of 9.5 percent, a par value of $1,000, and

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answerhappygod
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Draiman Corporation has bonds on the market with 11 years to maturity, a YTM of 9.5 percent, a par value of $1,000, and

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Draiman Corporation has bonds on the market with 11 years tomaturity, a YTM of 9.5 percent, a par value of $1,000, and acurrent price of $946. The bonds make semiannual payments. Whatmust the coupon rate be on the bonds?
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