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Consider the following bond where the coupons are paid annually, Bond: Scotiabank Price: $ 9 6 3 . 0 0 YTM: 1 2 % Years

Consider the following bond where the coupons are paid annually, Bond: Scotiabank

Price: $

963.00

YTM:

12 %

Years to maturity:

13

years

The face value of the bond is $

1, 000 .

What is the coupon rate of this bond?

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