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Mewah Enteprise has bond on the market making annual payments with 13 years to maturity and selling for RM1045 At this price the bonds yield is 75% What must be the coupon rate of the bond

Mewah Enteprise has bond on the market making annual payments with 13 years to maturity and selling for RM1045. At this price the bonds yield is 7.5%. What must be the coupon rate of the bond?
 

Apr 29 2020 View more View Less

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