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UYT Inc. issued a twelve-year bond that pays a semiannual coupon and is currently trading at $1,102.60. The bond has a yield to maturity of

UYT Inc. issued a twelve-year bond that pays a semiannual coupon and is currently trading at $1,102.60. The bond has a yield to maturity of 5.33 percent. Compute the coupon rate for the UYT bond.

ANSWERS:

5.00%

5.25%

5.50%

6.00%

6.50%

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