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Please show how to solve in simplest way, and if needed excel is acceptable as well: Identify the coupon rate for a $1,000 par bond
Please show how to solve in simplest way, and if needed excel is acceptable as well:
Identify the coupon rate for a $1,000 par bond with 5 years until maturity, a current market price of $1,165.90 , and a yield-to-maturity of 6.33% (assume annual coupons).
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