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Suppose a 10-year risk-free bond with a face value of $1,000 is trading for a price of $1,345. The bond pays coupons quarterly. If the
Suppose a 10-year risk-free bond with a face value of $1,000 is trading for a price of $1,345. The bond pays coupons quarterly. If the bond's yield to maturity is 8% APR, what is the coupon rate?
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