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A $1,000 face value bond is currently quoted at 100 .8. The bond pays semiannual payments of $22 50 each and matures in six years.
A \$1,000 face value bond is currently quoted at 100 .8. The bond pays semiannual payments of \$22 50 each and matures in six years. What is the coupon rate? a. 4.50 percent b. 2.25 percent c. 2.72 percent d. 4.46 percent e. 2.85 percent
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