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An semi-annual coupon bond with a $1,000 face value matures in 3 years. The bond currently sells for $1098.346 and has a 12 percent yield
An semi-annual coupon bond with a $1,000 face value matures in 3 years. The bond currently sells for $1098.346 and has a 12 percent yield to maturity. What is the bonds nominal coupon rate?
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