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Calculates the coupon rate of a 12-year bond that was issued two years ago, makes annual payments, and is currently selling at 97% of its

Calculates the coupon rate of a 12-year bond that was issued two years ago, makes annual payments, and is currently selling at 97% of its par value, if the yield to maturity is 8%.

CORRECT ANSWER: 7.55%

You can answer the problem in excel and show the formulas. I'll rate :)

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