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2. Suppose that a bond is trading at a price of $940. This bond has 20 years to maturity and pays coupon interest annually. The

2. Suppose that a bond is trading at a price of $940. This bond has 20 years to maturity and pays coupon interest annually. The market rate of interest for such a bond is 11 % p.a .. What is the coupon rate for this bond?

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