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The bond of Nichols Corp. is currently trading at ( price of a bond ) $ 8 0 0 . 0 0 . The bond

The bond of Nichols Corp. is currently trading at (price of a bond) $800.00. The bond matures in 60 years and has, today, a yield to maturity (YTM) of 2%. This is a semiannual coupon bond with a par value of $1,000.
The coupon rate of this bond is ____1.43____(Please explain how it got this answer)

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