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A 12-year, semiannual coupon bond sells for $951.07. The bond has a par value of $1,000 and a yield to maturity of 6.48 percent. What
A 12-year, semiannual coupon bond sells for $951.07. The bond has a par value of $1,000 and a yield to maturity of 6.48 percent. What is the bond's coupon rate?
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
