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After successfully completing FI 3 3 0 0 , Rachael is considering buying some bonds to add to her recently started retirement account. She is

After successfully completing FI 3300, Rachael is considering buying some bonds to add to her recently
started retirement account. She is looking at a bond issued by ABC that pays coupon interest semi-annually,
has 13 years remaining to maturity, and has a yield-to-maturity is 6.20%. If the market price of the bond is
$4,911.64 then bonds coupon rate must be ________%. Assume a $5,000 par value.

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