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Ernie bought Bond E four years ago, when the market interest rate was 10% APR. Today, the bond currently has eight years maturity and has

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Ernie bought Bond E four years ago, when the market interest rate was 10% APR. Today, the bond currently has eight years maturity and has an annual coupon rate of 12%, making semi-annual coupon payments. If the current price of the bond is $1,140, what do you know about the market interest rate today

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