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A 10 -year bond pays interest of $ 28.90 semiannually, has a face value of $ 1,000 , and is selling for $ 743.32 .
A 10 -year bond pays interest of $ 28.90 semiannually, has a face value of $ 1,000 , and is selling for $ 743.32 . What are its annual coupon rate and yield to maturity?
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Thomas Calculus Early Transcendentals
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
13th Edition
9780321884077
