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22 #3 The market price of a semi-annual pay bond is $985.39. It has 19.00 years to maturity and a yield to maturity of 7.13%.

22 #3

The market price of a semi-annual pay bond is $985.39. It has 19.00 years to maturity and a yield to maturity of 7.13%. What is the coupon rate?

Answer format:Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))

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