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Botanica Incorporation has bonds with 14 years to maturity, a face value of 51.000, a YTM of 8.2 percent and a current price of 1.132. The bonds make annual payments. What must be the coupon rate on

Botanica Incorporation has bonds with 14 years to maturity, a face value of 51.000, a YTM of 8.2 percent and a current price of 1.132. The bonds make annual payments. What must be the coupon rate on these bonds? a. 7.23 percent b.5.36 percent c.9.82 percent d. 6.89 percent e. 4.91 percent 

May 04 2021 View more View Less

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