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Please with full steps and explanation using a financial calculater Exercise #4: Compute the coupon rate for a 3-year annual coupon bond assuming

image text in transcribed ** Please with full steps and explanation using a financial calculater **

Exercise #4: Compute the coupon rate for a 3-year annual coupon bond assuming the price is 98 and the yield is 6.1%. Hint: We are solving for PMT (coupon) and expressing it as percent of par. Press co (11 % upon=

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