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bond has a current price of $ 8 0 0 , a maturity value of $ 1 , 0 0 0 ( matures in 5

bond has a current price of $

800,

a maturity value of $

1, 000 (

matures in

5

years

) .

If interest is

paid semi

-

annually and the bond is priced to yield

8 %,

what is the bond's annual coupon rate? ANSWER WITH EXCEL

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