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Suppose that a bond is trading at a price of $940. This bond has 20 years to maturity and pays coupon interest annually. The market
Suppose that a bond is trading at a price of $940. This bond has 20 years to maturity and pays coupon interest annually. The market rate of interest for such as bond is 11% p.a. What is the coupon rate for this bond? Pls help me with the formula
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