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show work, not excel #40 The market price of a semi-annual pay bond is $985.67. It has 28.00 years to maturity and a yield to

show work, not excel
#40 The market price of a semi-annual pay bond is $985.67. It has 28.00 years to maturity and a yield to maturity of 7.13%. What is the coupon rate? Submit Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))

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