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Question 10 (6 points) A bond has a face value of $1,000, YTM of 12%, term of 5 years, and price of $900. Coupons are

Question 10 (6 points) A bond has a face value of $1,000, YTM of 12%, term of 5 years, and price of $900. Coupons are paid every month. What is the coupon rate? (This is a bonus question, no partial credit unless there is a minor mistake)

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