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Consider the following bond: - Face value: $1000 - Yield to maturity: 10%, - Maturity: 5 years - Interest payment: semi-annual If the price/value of

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Consider the following bond: - Face value: $1000 - Yield to maturity: 10\%, - Maturity: 5 years - Interest payment: semi-annual If the price/value of the bond is $1200, compute the annual coupon rate. Answer: Annual coupon rate = Calculation steps

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