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Given the following information about a bond: The bond pays interest semi-annually and sells at $1,096 with a face value is $1000. The bond will
Given the following information about a bond: The bond pays interest semi-annually and sells at $1,096 with a face value is $1000. The bond will mature in 8 years. If its yield to maturity is 7.70%, what is the bond's coupon rate?
no excel pls
a.18.66%
b.4.66%
c.4.24%
d.22.95%
e.9.33%
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