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A bond is currently trading at $828.80. It has a face value of $1,000 and 10 years to maturity. If you require a rate of
A bond is currently trading at $828.80. It has a face value of $1,000 and 10 years to maturity. If you require a rate of return of 9% (compounded semi-annually), what should the bonds coupon rate be if the bond pays semi-annual coupons?
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