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A fixed coupon bond with 20 years to maturity has a price quote of 96.5, with payments made semi-annually. What coupon rate would a company

A fixed coupon bond with 20 years to maturity has a price quote of 96.5, with payments made semi-annually. What coupon rate would a company expect to see for this bond if you expect the yield to be about 7%? HINT: 96.5 means 96.5% of par value.

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