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A 10 year bond matures for its par value of 5000. The price of the bond is 4320.48 at an 8% yield convertible semi-annually. Calculate

A 10 year bond matures for its par value of 5000. The price of the bond is 4320.48 at an 8% yield convertible semi-annually. Calculate the coupon rate convertible semi-annually.

[I am not good at this class so a thorough write out on paper would be most beneficial to me]

Answer: 6% [Provided on the HW, but don't know how to solve]

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