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Suppose you are investing in a bond that has the current bond price of $ 1 , 1 7 2 . 6 1 , the

Suppose you are investing in a bond that has the current bond price of $1,172.61, the par value of $1,000,10 years to maturity, and the yield (discount rate) of 6%. Using the function in Question #1, you would be able to calculate coupon rate of the bond. What is the coupon rate (%) of the bond?

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