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Consider a bond that has a face value of $1,000 and pays an annual coupon. The bond price is currently $970, it has a yield

Consider a bond that has a face value of $1,000 and pays an annual coupon. The bond price is currently $970, it has a yield to maturity of 21% and will mature in 16 years from today. Find the coupon rate of the bond.

The answer given was 20.34 but I'm not sure how to get there.

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