A semiannual coupon bond has a par value of $$1000$ and matures in $10$ years. Today, it sells for $$887\mathrm{.}00$ and has a yield to maturity of $10\mathrm{.}9\%.$ Solve for its coupon rate.

$PV=887$A semiannual coupon bond has a par value of $$1000$ and matures in $10$ years. Today, it sells for $$887\mathrm{.}00$ and has a yield to maturity of $10\mathrm{.}9\%.$ Solve for its coupon rate.

$PV=887$