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Please answer and explain. 3. Large Industries annual bonds are selling at 110.20 (i.e., the price is $1102 for the $1,000 bond). There are 13

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Please answer and explain.

3. Large Industries annual bonds are selling at 110.20 (i.e., the price is $1102 for the $1,000 bond). There are 13 years remaining until maturity on the bonds and the yield to maturity is 6.75%. Find the coupon rate. (Note: you may have to use a trial and error solution method)

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