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Assumi a par value of $1,000.00. A firm plans to issue a 13-year, annual payment bond that has a price of $1,041.07. If the yield

Assumi a par value of $1,000.00. A firm plans to issue a 13-year, annual payment bond that has a price of $1,041.07. If the yield to maturity for the bond is 8.50% p.a., what will the coupon rate of the bond be

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