[Solved] 3. Suppose a seven-year, $1000 bond has a

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3. Suppose a seven-year, $1000 bond has a price of $980 and a yield to maturity of 8%. What is the bonds semiannuall coupon rate?

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3. Suppose a seven-year, $1000 bond has a price of $980 and a yield to maturity of 8%. What is the bonds semiannuall coupon rate? Please solve step by step without using excel

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