Unformatted text preview: 2. Jones Corporation has bonds on the market with 10.5 years to maturity, a YTM of 6.9 percent, a par value of $1,000, and a current price of $1,070. The bonds make semiannual payments. What is the coupon rate for these bonds?...
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- Fall '08
- Finance, semiannual payments, Dr. Lucy Ackert