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A 11-year bond with a face value of $5000 is redeemable at par and earns interest at 8.9% convertible semiannually. If the yield rate is
A 11-year bond with a face value of $5000 is redeemable at par and earns interest at 8.9% convertible semiannually. If the yield rate is 7.4% convertible semiannually, how large is each coupon?
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