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The current market wide interest rate is 7 percent. The price of a 6- year coupon bond with $1,000 par value, semi-annual coupon payments, is

The current market wide interest rate is 7 percent. The price of a 6- year coupon bond with $1,000 par value, semi-annual coupon payments, is $830.89. How much is the coupon rate of this bond? (Done on paper)

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