Ashes Divide Corporation has bonds on the market with 17.5 years to maturity, a YTM of 6.4 percent, and a current price of $1,313.1. The bonds make semiannual payments. What is the coupon rate on these bonds?
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Ashes Divide Corporation has bonds on the market with 17.5 years to maturity, a YTM of 6.4 percent, and a current price of $1,313.1. The bonds make semiannual payments. What is the coupon rate on these bonds?
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