[Solved] The market price of a semi-annual pay bon

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The market price of a semi-annual pay bond is $979.51. It has 16.00 years to maturity and a yield to maturity of 7.12%. What is

The market price of a semi-annual pay bond is $979.51. It has 16.00 years to maturity and a yield to maturity of 7.12%. What is the coupon rate?

Answer format: Percentage Round to: 2 decimal places

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