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Problem: Calculating the coupon rate You are given the following information on a bond: Par value : $1000 Yield: 4.20% Coupon payment : Semi Annual
Problem: Calculating the coupon rate You are given the following information on a bond: Par value : $1000 Yield: 4.20% Coupon payment : Semi Annual Price : $ 1011.68 Maturity : 5.5 Years
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1. What is the coupon rate of this bond?
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