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Maslowich
3 years ago
11

Gabriele Enterprises has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and se

lling for $948. At this price, the bonds yield 5.1 percent.What must the coupon rate be on the bonds?(please show how to do with a financial calculator)
Business
1 answer:
Elena-2011 [213]3 years ago
4 0

please find the attached for an explanation

Download docx
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<u>Answer:</u>

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Because your mother is about to retire, she wants to buy an annuity that will provide her with $75,000 of income a year for 20 y
siniylev [52]

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The formula for the present value of the annuity is given by:

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4 years ago
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