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15-02-2024
Business

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A corporation issued a 15-year bond with a coupon rate of 7% at a price of $874.16. The corporation wants to issue a similar 15-year bond with a coupon rate of 7%, however coupon payments will be
What is the coupon rate of the corporation's 15-year bond?
A) 7%
B) 15%
C) 874.16%
D) 0%

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