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I/T periodic rate? You have the following information regarding a bond that pays semi-annual coupon payments: Time to maturity is 12 years Coupon Rate is

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You have the following information regarding a bond that pays semi-annual coupon payments: Time to maturity is 12 years Coupon Rate is 6% The current price (PV) of the bond is $1,189.14 today. Compute the VT Periodic rate on the bond that is required by the market. State as a percent without using the percent sign and round to the second decimal place. Hence, 23.628% would be written as 23.63 for the response to be correct

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