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Posted on May 18, 2024

A $ 1 0 0 0 par value 2 7 year bond recently sold for $ 1 0 6 5 the yield to maturity on

A $

1000

par value

27

year bond recently sold for $

1065

the yield to maturity on the bond is

8.15 %

what is the bonds coupon rate, assuming payments are made annually?

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