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A bond with a face value of Rs. 1000 matures in 10 years. if the market rate (YTM) is at 12% and the price of

A bond with a face value of Rs. 1000 matures in 10 years. if the market rate (YTM) is at 12% and the price of the bond is 990, what is the annual coupon rate for the bond?

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