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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

)

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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