[Solved] AT&T 10-year, $1,000 par value bond is se

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AT&T 10-year, $1,000 par value bond is selling at $1,158.91. Interest on this bond is paid semianually. If the annual yield to maturity is 14%,

AT&T 10-year, $1,000 par value bond is selling at $1,158.91. Interest on this bond is paid semianually. If the annual yield to maturity is 14%, what is the annual coupon rate of the AT&T bond?

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