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After successfully completing Fl3300, Rachael is considering buying some bonds to add to her recently started retirement account. She is looking at a bond issued
After successfully completing Fl3300, 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 bond's coupon rate must be %. Assume a $5,000 par value. 1) 3.00 2) 7.00 3) 4.00 4) 6.00 5) 5.00
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