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A 9-year bond pays interest of $27.30 semiannually, has a face value of $1,000, and is selling for $782.58. What are its annual coupon rate
A
9-year
bond pays interest of
$27.30
semiannually, has a face value of
$1,000,
and is selling for
$782.58.
What are its annual coupon rate and yield to maturity?
The annual coupon rate is
5.46%
(Round to two decimal places).The yield to maturity is
%.
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