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The market price of a semi-annual pay bond is $973.99. It has 29.00 years to maturity and a yield to maturity of 7.23%. What is

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The market price of a semi-annual pay bond is $973.99. It has 29.00 years to maturity and a yield to maturity of 7.23%. What is the coupon rate? Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, \% sign required Wul accept decma/ format rounded to 4 decimal places (ex: 0.0924)) Derek borrows $279,366.00 to buy a house. He has a 30 -year mortgage with a rate of 5.09%. After making 9700

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