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Business, 14.12.2021 04:50 kromaug7986

Talton buys a $1000 par value 19-year bond with annual coupons. The redemption value at maturity is equal to the par value. Talton bought the bond at a discount to yield an annual effective rate of 6%. Determine the annual coupon rate if the amount for accumulation of discount in the 6th year is 10.04.

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