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A 11 11-year bond pays interest of $ 27.50 semiannually, has a face value of $1,000 and is selling for $724.30. What are its annual

A 11

11-year bond pays interest of $ 27.50 semiannually, has a face value of $1,000 and is selling for $724.30. What are its annual coupon rate and yield tomaturity?

The annual coupon rate is ?

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