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A $ 1 , 0 0 0 par value bond has a current price of $ 8 5 9 . 3 6 and a maturity

A $ $1, 000$ par value bond has a current price of $ $859.36$ and a maturity value of $ $1, 000$ and matures in $5$ years. If interest is paid semiannually and the bond is priced to yield $8 %,$ what is the bond's annual coupon rate?

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A $ 1 , 0 0 0 par value bond has a current price of $ 8 5 9 . 3 6 and a maturity

A $1,000 par value bond has a current price of $859.36 and a maturity value of $1,000 and matures in 5 years. If interest is paid semiannually and the bond is priced to yield 8%, what is the bond's annual coupon rate?

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A $ $1, 000$ par value bond has a current price of $ $859.36$ and a maturity value of $ $1, 000$ and matures in $5$ years. If interest is paid semiannually and the bond is priced to yield $8 %,$ what is the bond's annual coupon rate?