Business, 25.07.2020 01:01 christopherluckey7

Gabriele Enterprises has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and selling for $948. At this price, the bonds yield 5.1 percent. What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)

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Gabriele Enterprises has bonds on the market making annual payments, with eight years to maturity, a...